Aceso Life Science Eyes Sustainable Vehicle Market Stake
Company Announcements

Aceso Life Science Eyes Sustainable Vehicle Market Stake

Aceso Life Science Group Limited (HK:0474) has released an update.

Aceso Life Life Science Group Limited and Hao Tian International Construction Investment Group Limited have jointly announced their intentions to acquire approximately 49.42% of Wisdom Group Holdings Limited, a company specializing in zero-emission commercial vehicles. The potential deal, valued at around RMB 1.5 billion, is part of their strategic move to diversify assets and capitalize on the shift towards sustainable transport solutions in line with global carbon neutrality goals. Definitive negotiations are ongoing, with the acquisition potentially contributing to both groups’ growth in the evolving eco-friendly vehicle market.

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