11:32 AM EST - Earthasia International Holdings Ltd. : Announced the Company has entered into a Letter of Intent with an exclusive negotiating period to acquire a majority stake in Shenzhen KYSS Technology Co., Limited, a China-based producer of graphene lithium-ion (Li-ion) battery cells and replaceable battery modules for mopeds and scooters. "Our Strategy is to become a leader in energy storage solutions," explained Chan Yick Yan Andross, Chief Executive Officer and Director, Earthasia International Holdings Ltd. "We continue to explore all opportunities to reinforce our position in the new energy sector by extending our products and services downstream. The acquisition of KYSS, if materialized, can become a core component as we execute our strategy." Earthasia International Holdings Ltd.
shares O.ETIHY are trading unchanged at $3.60.
