Olive Oils Direct International, Inc. completed the acquisition of Baoshinn Corporation from BaoShinn Express Co., Ltd, Pan Hong Kan, Yun Leung Edwin Wong, In Wai Lam and others in a reverse merger.
March 03, 2013 at 11:00 pm EST
Share
Olive Oils Direct International, Inc. entered into a share exchange agreement to acquire Baoshinn Corporation from BaoShinn Express Co., Ltd, Pan Hong Kan, Yun Leung Edwin Wong, In Wai Lam and others in a reverse merger on November 28, 2012. Baoshinn Corporation paid 1.48 million shares and $0.1 million in cash. Benny Kan and Mike Lam resigned from their positions as officers and Directors. Sean Webster remains as the sole officer and Director of the Company. The transaction has been approved by the Board of Olive Oils Direct and Baoshinn Corporation. The transaction is subject to third party, due diligence and maximum balance sheet requirements.
Olive Oils Direct International, Inc. completed the acquisition of Baoshinn Corporation from BaoShinn Express Co., Ltd, Pan Hong Kan, Yun Leung Edwin Wong, In Wai Lam and others in a reverse merger on March 4, 2013.
ZZLL Information Technology, Inc., formerly Green Standard Technologies, Inc., operates through its subsidiaries, including Olive Oils Direct International, Inc. (OODI), Syndicore Asia Limited (SAL) and Green Standard Technologies Enterprises, Inc. (GSTEI). OODI is a development-stage company that plans to develop and operate a retail Internet Website specializing in gourmet Italian food products. OODI is developing an e-commerce Website, www.OliveOilsDirect.com, to sell products inventoried by OliveOilsDirect.com and products offered by other retailers. SAL is an online media company that syndicates professional sports video in a cloud-based, multimedia conduit for content creators, news outlets and brands. The Company's second line of business is carried out by GSTEI, which is in the medical and recreation marijuana industry.
Olive Oils Direct International, Inc. completed the acquisition of Baoshinn Corporation from BaoShinn Express Co., Ltd, Pan Hong Kan, Yun Leung Edwin Wong, In Wai Lam and others in a reverse merger.