Shenghui Cleanness Group Holdings Limited (HK:2521) has released an update.
Shenghui Cleanness Group Holdings Limited has completed an off-market acquisition of 5,574,600 shares in BTI at an average price of RMB5.00 per share, totaling approximately RMB27.9 million. This acquisition, which now gives the company a 6.99% stake in BTI, is classified as a discloseable transaction according to the Listing Rules due to the aggregated percentage ratios. BTI is involved in recycling and the production of packaging and biodegradable materials, with a market capitalization of around RMB300 million.
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