Brief: Cleantech Solutions, EC Power Technology enter into a transfer agreement with ECoin Global Limited

Sharing Economy International

07/08/2017 11:32

Aug 7 (Reuters) - Cleantech Solutions International Inc 
 CLNT.O  
    * Cleantech Solutions International - on August 4, 2017, co, 
EC power technology limited entered into a transfer agreement 
with ECoin Global Limited 
    * Codes to be transferred from ECoin to EC Power have a 
value of US$50 million 
    * In accordance with agreement, EC Power will market ECoin 
redemption codes for rental 
    * Codes have a validity period of four years, and will not 
expire until August 3, 2021 
    * Says entered transfer agreement to purchase ECoin 
redemption codes produced by ECoin - SEC filing 
    * ECoin has agreed to transfer the codes for a total 
consideration of US$20 million 
 
Source text for Eikon: (http://reut.rs/2wzRht9) 
Further company coverage:  CLNT.O  
 
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