Deal Snapshot
EC ADVERTISING IN TALKS TO ACQUIRE CHINA-BASED WINSE MEDIA
Tuesday 13 March 2018

Hong Kong-based advertising company EC Advertising Ltd. has entered into an exclusivity agreement with China-based online media advertisers Winse Media regarding the potential acquisition of not less than 51% of Winse to expand advertising business in mainland China, the company said.
EC is a wholly owned subsidiary of dye equipment manufacturers Sharing Economy International, Inc. (SEII) (NASDAQ: SEII). SEII said a collaboration with Winse would open access to a broader user base in mainland China. Winse's financial performance can create more operating cash flows for the company, which can be used in normal operations and as capital resources in future acquisition activities.


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Details
Date Published: 13/03/2018
Target: Winse Media
Country: China
Sector: Advertising/PR
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: EC Advertising Ltd
Comment:
Terms of the deal were not disclosed

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