Loop and OE Tech (Beijing) announce the signing of a binding LOI to establish Loop China capitalized at 50 million RMB ($CDN 10 million) to offer Loop service in China
Vancouver –– April 18, 2017 –– LOOPShare Ltd. (TSX-V: LOOP), a global provider of electric scooter shared fleet services and technology location-based fleet Telematics services, has signed a binding Letter of Intent (“LOI”) to establish Loop China with Original Energy Technology (Beijing) Inc. (“OE Tech”) capitalized at 50 Million RMB (approximately $CDN 10 Million). Loop China…