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EC Advertising in Talks to Acquire China-Based Winse Media
Tuesday 13 March 2018

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.
No financial terms of the potential acquisition were disclosed.
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.
Sharing Economy International Inc., through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry.
The company's latest business initiatives are focussed on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. The company said it will actively pursue blockchain technology in its existing and to-be-acquired business.
Winse Media is an advertising company incorporated in Mainland China. It focusses mainly on online media advertising business. Because of its close relationship with the China's big three mobile service providers, namely China Mobile, China Unicom and China Telecom.
Date Published: 13/03/2018
Target: Winse Media
Country: China
Sector: Advertising/PR
Type: Corporate acquisition
Status: Agreed
Buyer: EC Advertising Ltd
Terms of the deal were not disclosed