The Listing Committee of the Bermuda Stock Exchange (BSX) has announced that it has approved the listing of the Common Shares of British Virgin Islands incorporated RenFin II Ltd., (RENFIN2 VI).
The Company listing, effective from 24 July 2007, was for the authorised share capital consisting of 4,999,900 shares of Refin II Ltd. The shares are to be distributed to Qualified Investors by the appointed placement agent, Renaissance Capital Investment Management Limited, a company organized under the laws of the British Virgin Islands. RenFin II Limited is registered as a closed end investment fund.
Reid Management Limited sponsored the listing of the Common Shares of RenFin II Ltd.
The issue is being introduced for listing under the Restricted Marketing provisions of the Bermuda Stock Exchange, which is for securities that are aimed at Qualified Investors (individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability standards as defined by the Exchange).
The investment objective of the Company is to achieve medium term capital growth through Investments in Financial Institutions that are located in the Russian Region, Central Europe or Eastern Europe, which the Investment Manager has identified as planning to undertake an initial offering (by means of a private placement, a sale to a strategic investor or an IPO), or to undertake mergers and acquisitions in the next three to four years.
“The BSX is delighted to welcome Refin II Ltd. to listing”, announced James S. McKirdy, Chief Compliance Officer of the BSX.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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