SHENGHUI CLEAN (02521) Announces Termination of Potential Capital Injection

Stock News
Mar 18

SHENGHUI CLEAN (02521) has issued an announcement regarding a non-binding letter of intent for a potential capital injection. According to the letter of intent and a deferral agreement dated January 15, 2026, between Guangzhou Shenghui and the target company, Haohuo (Chongqing) Network Technology Co., Ltd., the parties failed to execute a formal capital injection agreement by March 18, 2026. As a result, the potential capital injection will not proceed. The target company is required to refund the refundable deposit of RMB 9 million to Guangzhou Shenghui within three business days from March 18, 2026. The board of directors believes this matter will not have a significant adverse impact on the group's current operations and financial condition.

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