Yinhang Internet Technologies Development, Inc. acquired Bison Petroleum, Corp. (OTCPK:BISN) in a reverse merger transaction on May 13, 2015. As part of consideration, Yinhang issued 217,330 common stock representing 100% equity in exchange of 758.2 million of 800 million authorized common stock of Bison Petroleum. Share transaction resulted Yong Xu to own 53.74% in Bison, Yahong Zha owns 14.72%, Yinghua Zhang owns 5.15%, Hong Kong Tian Hui Co. Limited owns 9.50%, Jahoda Limited owns 9.50% and China Concentric Capital Group Ltd. owns 7.39%. Following transaction, board of directors of Bison has dismissed Anderson Bradshaw PLLC from the role of public accounting firm of Bison.
Yinhang Internet Technologies Development, Inc. completed the acquisition of Bison Petroleum, Corp. (OTCPK:BISN) in a reverse merger transaction on May 13, 2015.