Wang Yihan cancelled the acquisition of William Brand Administer, Ltd. and Credit Network 114 Limited and 60% of Wuxi Sun Network Technology Ltd. and 80% of Naixiu Exhibition Ltd. and China Cancer Institute Ltd. from NextMart Inc..
April 05, 2012 at 12:00 am EDT
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Wang Yihan agreed to acquire William Brand Administer, Ltd. and Credit Network 114 Limited and 60% of Wuxi Sun Network Technology Ltd. and 80% of Naixiu Exhibition Ltd. and China Cancer Institute Ltd. from NextMart Inc. (OTCBB:NXMR) for $5.4 million on May 10, 2010. As part of consideration, Wang agreed to transfer to NextMart certain land usage rights for commercial real estate property valued at no less than $5.39 million within 24 months from date of agreement. In the event Wang fails to provide land usage rights for adequate real estate property within the 24 month period, she is obligated to provide NextMart with common stock of a publicly traded company acceptable to NextMart.
Wang Yihan cancelled the acquisition of William Brand Administer, Ltd. and Credit Network 114 Limited and 60% of Wuxi Sun Network Technology Ltd. and 80% of Naixiu Exhibition Ltd. and China Cancer Institute Ltd. from NextMart Inc. (OTCBB:NXMR) on April 5, 2012.
NextMart, Inc., through its subsidiary Emco Oilfield Services, LLC (EMCO), provides oilfield services. The Company provides oilfield services, including salt water and freshwater hauling, hydrocar services, pressure control and flowback, solids control, drilling cuttings removal and disposal, oilfield construction, tank/pit cleaning, rig and tank steam cleaning, hotshot delivery, winch truck heavy hauling, and frac tank rentals. Its services over 68 oilfield clients, including oil companies, such as Exxon Mobile's subsidiary, XTO, Chevron, Conoco Phillips, Occidental (OXY), and independent public oil companies, such as EOG, Devon, Cimarex, Noble Energy and many more. Its oilfield service is mainly in the Permian Basis, which is located in Western Texas and Eastern New Mexico.
Wang Yihan cancelled the acquisition of William Brand Administer, Ltd. and Credit Network 114 Limited and 60% of Wuxi Sun Network Technology Ltd. and 80% of Naixiu Exhibition Ltd. and China Cancer Institute Ltd. from NextMart Inc..
NEXTMART, INC. 
