Sharing Economy International Enters into Share Exchange Agreement to Acquire 100% of OOB HK Limited to further enhance its digital marketing capabilities
SHARING ECONOMY INTL INC (SEII)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/sharing-economy-internationals-chairman-issues-open-letter-to-shareholders-300596864.html
Company Research
Source: PR Newswire
HONG KONG, April 15, 2020 /PRNewswire/ -- Sharing Economy International, Inc. ('SEII or "the Company") (OTCQB: SEII) today announced that it has entered into a share exchange agreement with the shareholders of OOB HK Limited ("OOBHK"), to acquire 100% ownership of OOBHK. SEII will acquire 100% of OOBHK with the issuance of 239,387,189 shares of SEII series A convertible preferred stock at a price of $0.33 per share.Launched in the year 2012, OOB HK holds a control shares of OOB Sichuan which is listed on NEEQ and has a market capital value of over 1 billion RMB, is a marketing agency focused on serving brand customers in China with an integrated solution, both online and offline. Its clientele includes multinational brands such as Pizza Hut, Dumex, Remy Martin, Jaguar, Kao, and also large local brands like Ping An, Anta and Dicos. Its business spans across traditional media buy, social media marketing, and result-oriented mobile marketing. OOB Sichuan records 48 million RMB in revenue
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