WECT expands foothold in the oil and gas industry
WECONNECT Tech Int Inc (“WECT”) has acquired a 51% stake in OZ Seventy Five Holdings (M) Berhad (“OZ75”), an oil and gas company, in a conditional Share Exchange Agreement on 19 June 2019.
OZ75 is an oil producing company, engaged in the business of manufacturing, producing and refining petroleum products. This strategic acquisition of OZ75 is a positive move for WECT to expand our business in the oil and gas sector.
We believe with OZ75 on board, our smart partnership business model will be further strengthened and we will be able to accomplish greater feats gearing forward.
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In line with our expansion and diversification plan into the oil and gas sector, we will be restructuring our resources and phasing out the WECONNECT e-commerce app. We will be refunding your V Points from your app account to you.
Please fill out the refund form by 31 August 2019 and we will verify and reply within five (5) working days. Upon verification, you will receive the refund within 90 days. Once again, thanks for your valuable support and understanding.