Resort Savers, Inc. cancelled the acquisition of Henan Wandi Mining Product Development Co., Ltd. from Liu FaKuan.
February 23, 2021
Share
Resort Savers, Inc. (OTCPK:RSSV) entered into a purchase agreement to acquire Henan Wandi Mining Product Development Co., Ltd. from Liu FaKuan for $90 million on February 24, 2020. Under the terms of the transaction, Resort Savers will issue 60 million restricted common shares of stock of the company upon closing of agreement. The transaction is expected to close by March 30, 2020. As of August 19, 2020, Resort Savers anticipates final closing of the agreement in the third quarter of 2020.
Resort Savers, Inc. (OTCPK:RSSV) cancelled the acquisition of Henan Wandi Mining Product Development Co., Ltd. from Liu FaKuan on February 24, 2021.
Phoenix Rising Companies makes investments and acquisitions into various markets and industries across the world. The Company is principally engaged in the trading of oil, gas and lubricant. The Companyâs subsidiaries include Xing Rui International Investment Holding Group Co., Ltd., Xing Rui International Investment Group Ltd., Huaxin Changrong (Shenzhen) Technology Service Co., Ltd., and Beijing Yandong Tieshan Oil Products Co., Ltd. (Tieshan Oil). Tieshan Oil is engaged acquiring a variety of chemical products and compounds that are extracted and processed from crude oil and hydrocarbons. Its Tieshan Oil acts as an intermediary broker of methyl tert-butyl ether, mineral oil, paraffin oil, petrolatum liquids, alcohol based liquid fuel, trimethylpentane, pentane foamer, natural gasoline, xylene dimethylbenzene, aromatics solvent, and other chemical products and compounds.