Energy One Corp (EGOC)

[Ponyla]

I have just found this news:

https://www.prnewswire.com/news-releases/energy-1-corp-announces-change-to-board-composition--liu-yicheng-cao-yilin-and-zhang-jinyuan-has-officially-joined-the-board-301335429.html


2 sentences from the news:

Yicheng Culture Communication Co., Ltd has acquired 100% of the equity interest of the target company.

As at the date of this announcement, Mr. Liu Yicheng has become the largest shareholder of EGOC. This announcement will take effect from 13 July 2021.

Is this good news? What means '100% of the equity interest' and which way Liu Yicheng became the largest shareholder of EGOC?