Deal Snapshot
EC TECHNOLOGY TO ACQUIRE GLOBAL TICKETING SERVICES PROVIDER WEYING MTEL
Tuesday 13 March 2018

Hong Kong-based technology company EC Technology and Innovations Limited has entered into an exclusive agreement to acquire not less than 51% of global ticketing services provider Weying Mtel Ltd to develop blockchain e-commerce solution, the company said.
EC is a wholly owned subsidiary of dye equipment manufacturers Sharing Economy International, Inc. (SEII) (NASDAQ: SEII). SEII said this transaction would open other opportunities for the development of the company's media and advertising business with more income opportunities as well as market education channels.


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Details
Date Published: 13/03/2018
Target: Weying Mtel/51% stake
Country: China
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: EC Technology and Innovations
Comment:
Terms of the deal were not disclosed

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