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Shanghai Yicheng Culture Acquires US Green Energy Developer Energy 1
Monday 17 May 2021

Chinese technology service corporation Shanghai Yicheng Culture Communication Co., Ltd. has agreed to acquire controlling equity interest in Nevada-based green energy developer Energy 1 Corp., (OTC: EGOC) to expand advanced technology service platform, the company said.

Terms of the transaction were not disclosed.

Shanghai Yicheng Culture Communication, is committed to building a global innovative advanced technology service platform with the integration of industrialised operations; smart e-commerce retail; innovative medical and health management; film, television and media; applications of blockchain technology; cultural and educational services.

Upon the completion of the acquisition, both parties will work together to carry out new market strategies and exploring global market.
Date Published: 17/05/2021