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Essay / Analysis of BB Holdings Limited - 1088
BCB Holdings, formerly BB Holdings Limited, is a company incorporated in Belize under the Belize International Business Companies Act. It is a parent company which alone does not own any other business activities or assets other than those of its investments in its subsidiaries of intercompany balances, personal services, cash and cash equivalents and corporate customers in the Caribbean region. The Company primarily carries out its financial services business through The Belize Bank Limited “Belize Bank” and Belize Bank International Limited “Belize Bank International”, both located in Belize, and “Belize Bank TCI”, located in Turks and Caicos Islands. two core assets: OneSource Inc., which is one of the world's leading outsourced services companies; and Belize Bank Ltd., which is the leading financial institution in Belize, established OneSource, which was a branch of the Danish company ISS, which it operates. primarily in the United States, and is one of the market's leading outsourced service providers operating in nearly 200 major metropolitan areas in 45 states, as well as Puerto Rico. Belize Bank is the largest full-service bank in Belize, with a 50 percent market share in the country. Belize Bank has 12 branches across Belize, with their headquarters in Belize City. Their main operations are consumer loans, commercial loans, deposit acceptance and other related banking activities. In the BB HOLDINGS LIMITED article on investment. of US$50,000,000 at a fixed rate of 10 percent on unsecured loan notes due in 2013 and the issuance of warrants to subscribe for 7,692,308 new common shares at US$6.50 per new share ordinary. At that time BB holdings was looking to expand these operations and exploit the middle of paper......that an investment in securities listed on the Official List like the AIM Rules because they are less demanding and investors might not be able to recoup their initial investment. There can be no assurance that the Government of Belize will not modify, amend, repeal or adopt any rules, regulations or laws that would impose restrictions on the rights of non-Belizean investors to hold, transfer or vote shares of the Company, or which will eliminate or reduce any rights or benefits which the Company may have by virtue of its incorporation under the IBCA. As an international business company incorporated under the IBCA, the Company is considered non-resident of Belize for exchange control purposes. the Company is not required to hold general meetings and the share capital of the Company may be increased and reorganized without the prior approval of the shareholders.