SEII to acquire OOB HK for $142m.

Sharing Economy International, which designs, manufactures and distributes a line of proprietary high and low-temperature dyeing and finishing machinery through its affiliated companies, agreed to acquire OOB HK, a marketing agency focused on serving brand customers in China with an integrated solution, both online and offline, for $142m. "We are excited about the acquisition of OOBHK and the synergies that it presents. OOB's strength and experience in China, with the largest internet population in the world, will help EC Rent further expand its reach in this market. SEII and OOBHK will continue to look for acquisition targets in the resource sharing space and are already evaluating some projects in the pipeline," Parkson Yip, SEII Vice President.