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Shenghui Cleanness Group Holdings Limited ( (HK:2521) ) has shared an update.
Shenghui Cleanness Group Holdings Limited, through its subsidiary Guangzhou Shenghui, has entered into a non-legally binding agreement of intent for a possible capital injection into a target company. This potential transaction, if realized, would result in Guangzhou Shenghui acquiring at least a 51% equity interest in the target company. The agreement outlines that a refundable deposit of RMB9 million will be paid, with the final terms subject to negotiation and a valuation report. The announcement emphasizes that the capital injection is still under negotiation and may not materialize, advising stakeholders to exercise caution.
The most recent analyst rating on (HK:2521) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Shenghui Cleanness Group Holdings Limited stock, see the HK:2521 Stock Forecast page.
More about Shenghui Cleanness Group Holdings Limited
Average Trading Volume: 6,979,395
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$935.9M
For an in-depth examination of 2521 stock, go to TipRanks’ Overview page.