DCSX has approved the technical listing of 119,950,000 shares of ANVI Global Holding Inc (DCSX Symbol ANVGH-US). Amergeris Global Listing And Exchange Services N.V. is the mandated Listing Advisor. Below is a summary of the information provided by the ANVI Global Holdings Inc. (the Company):
“The Company was incorporated under the laws of the State of Nevada, United States of America, on August 15, 2012. ANVI is listed on the US OTC Market with symbol as “ANVI” and started as a shell as per the term defined in Rule 12b-2 under the Securities and Exchange Act of 1934, whose sole activity was finding an acquisition or association target. However, it is no longer a “shell,” as ANVI outgrew the definition of a shell, when the Company entered a Memorandum of Association (MOA) with an Indian infrastructure development company named Team Universal Infratech Pvt. Ltd (TUI) in May 24, 2018, and initiated its operations in African region, where the Company initially received a sales advance of $137,910.00 towards the supply of chromium ore from the unaffiliated South African-based company. ANVI, through its associate/related companies, has successfully completed the transaction to the amount received. Pursuant to the MOA with TUI, ANVI agreed to enter a Joint Venture controlled by ANVI to execute certain projects, under a condition that ANVI would raise $ 6,000,000 within 60 days of signing the MOA. Due to reasons such as a delay in due diligence and TUI team’s visit to the United States, the Company has not yet succeeded in raising the required $6,000,000. Both parties are still in discussion to amend the MOA regarding the 60-day timeline. However, due to recent developments in economic conditions due to the Covid-19 pandemic, they are expecting considerable delays in mentioned projects. However, the Company is carefully evaluating the business risk involved and planning to take necessary actions in future and appropriate time.
Meanwhile, ANVI is actively pursuing to expand its operations globally, to multiple regions like Brazil in South America and India in Asia. ANVI, through its associate and related companies, has initiated its Mining operations in Brazil and plans to bring the operations under ANVI upon the completion of incorporating its local entities and successful first cycle of business. ANVI is also pursuing and has an active role in a proposed establishment of a steel plant with 12 Million M.T capacity in Andhra Pradesh state of India. ANVI will have an active role in construction of plant and continuous supply of iron ore. The discussions are underway and are subject to multiple factors like statutory clearances from respective local governments and factory construction cost factors.
ANVI believes (dual) Listing and Dematerialization of Shares will put the Company in an elevated position to market, expand business relationships, and raise capital. Being (dual) listed increases visibility and demonstrates good corporate governance, while tradeability of the shares lowers barriers for investors by creating liquidity and exit opportunities.”
Further details about the business will be found on our Markets page on this website under Equity Symbol ANVGH-US, section Company Information.