Apolo Gold & Energy Inc. cancelled the acquisition of 24% stake in Jiangxi Everenergy New Material Co., Ltd. from Tang Wenbo.
Apolo Gold & Energy Inc. (OTCPK:APLL) cancelled the acquisition of 24% stake in Jiangxi Everenergy New Material Co., Ltd. from Tang Wenbo on September 17, 2014. For the failure of Tang Wenbo and the Jiangxi Everenergy New Material Co., Ltd., to comply with article 4.7 in the asset sale & purchase agreements, Apolo Gold & Energy has terminated the aforesaid asset sale & purchase agreement.