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WHTop → 📋 News → Xin Net Acquires Control of World Envirotech
Dec, 2001 : Xin Net Acquires Control of World Envirotech
📅 - Xin Net Corp. (xinnet.net) announced it has acquired controlof World Envirotech, Inc. (envirotech-world.com), a Colorado Internetservices corporation, through the purchase of 3,882,700 shares of WorldEnvirotech or 71% of its issued and outstanding shares. Xin Net and WorldEnvirotech intend to negotiate an agreement with Hong Kong-basedProtectServe Pacific Ltd. in replacement of the Share Exchange Agreementsigned between Xin Net and PSP on Oct. 1, 2001.
Xin Net provides online domain name registration, Web site hosting, design &management and e-commerce solutions to customers mainly in China and SARHong Kong. It currently has offices in Beijing, Chengdu, Guangzhou, Nanjing,Shanghai and Shenyang. It operates chinadns.com, paycenter.com.cn, andebwdiy.com.
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