Shenghui Cleanness Finalizes Deal to Acquire 70% Stake in Technology Company from Shareholder

MT Newswires Live

May 19

Shenghui Cleanness Group (HKG:2521) finalized a deal to acquire a 70% stake in Huali Digital Technology (Guangdong) from its substantial shareholder for 15.8 million yuan, the firm said in a Tuesday Hong Kong bourse filing.

The target is mainly engaged in applying new technologies such as IoT, big data, and artificial intelligence to provide one-stop solutions, including the development of software systems and related services.

The stake to be acquired is ultimately owned by Dongguan Huali Industries (SHA:603038), which also owns 19% of Shenghui Cleanness Group.

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