ReTo
about
/
/
ReTo Eco-Solutions, Inc. Enters into an Equity Acquisition Agreement to Acquire Solution and Product Provider of Internet of Things

ReTo Eco-Solutions, Inc. Enters into an Equity Acquisition Agreement to Acquire Solution and Product Provider of Internet of Things

  • Categories:News and Insights
  • Author:ReTo Eco-Solutions,Inc
  • Time of issue:2022-01-04
  • Views:434

(Summary description)BEIJING, Jan. 4, 2022  ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that, its subsidiary, ReTo Technology Development Co., Ltd., entered into an Equity Acquisition Agreement (the "Agreement") with Hainan REIT Mingde Investment Holding Co., Ltd. ("REIT Mingde") and its two individual shareholders (collectively, the "Sellers"), among others, on December 27, 2021, to acquire 100% of the equity interest in REIT Mingde, which owns 61.55% of the equity interest of Yile IoT Technology Co., Ltd. ("Yile IoT").

ReTo Eco-Solutions, Inc. Enters into an Equity Acquisition Agreement to Acquire Solution and Product Provider of Internet of Things

(Summary description)BEIJING, Jan. 4, 2022  ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that, its subsidiary, ReTo Technology Development Co., Ltd., entered into an Equity Acquisition Agreement (the "Agreement") with Hainan REIT Mingde Investment Holding Co., Ltd. ("REIT Mingde") and its two individual shareholders (collectively, the "Sellers"), among others, on December 27, 2021, to acquire 100% of the equity interest in REIT Mingde, which owns 61.55% of the equity interest of Yile IoT Technology Co., Ltd. ("Yile IoT").

  • Categories:News and Insights
  • Author:ReTo Eco-Solutions,Inc
  • Time of issue:2022-01-04
  • Views:434
Information

BEIJING, Jan. 4, 2022  ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that, its subsidiary, ReTo Technology Development Co., Ltd., entered into an Equity Acquisition Agreement (the "Agreement") with Hainan REIT Mingde Investment Holding Co., Ltd. ("REIT Mingde") and its two individual shareholders (collectively, the "Sellers"), among others, on December 27, 2021, to acquire 100% of the equity interest in REIT Mingde, which owns 61.55% of the equity interest of Yile IoT Technology Co., Ltd. ("Yile IoT").

 

 

Yile IoT is a national high-tech enterprise in China that focuses on the research, development and application of Internet of Things (IoT) technologies. Yile IoT and its subsidiaries have developed advanced cloud based IoT solutions and products that primarily service automobile rental, ride sharing, and logistics sectors in China. Pursuant to the Agreement, ReTo will acquire 100% of the equity interest in REIT Mingde for a total consideration of RMB