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Shenghui Cleanness Group Holdings Limited ( (HK:2521) ) just unveiled an announcement.
Shenghui Cleanness Group Holdings Limited has announced a change in its substantial shareholding structure following a conditional agreement under which Sunrise Cleanness Investment Holdings Limited, wholly owned by executive director Chen Liming, will dispose of 370,449,650 shares, representing 19% of the company’s issued share capital, to Huali (Asia) Industries Co., Limited. Upon completion, expected within five business days subject to conditions, the vendor’s stake will fall to about 6.3%, causing it to cease being a substantial shareholder, while the purchaser—wholly owned by Shanghai Stock Exchange–listed Dong Guan City Huali Industries Co., Limited—will become a new substantial shareholder with a 19% holding, signaling a significant shift in the company’s shareholder base and introducing a new strategic investor from mainland China; the company has advised shareholders and potential investors to exercise caution when dealing in its shares.
The most recent analyst rating on (HK:2521) stock is a Hold with a HK$0.83 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
Shenghui Cleanness Group Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the cleanness and hygiene services/products sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 2521. The company is overseen by a board comprising three executive directors, including its co-chairmen and chief executive officer, and three independent non-executive directors, reflecting a typical governance structure for a mid-cap Hong Kong–listed industrial/services group.
Average Trading Volume: 8,201,745
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.56B
Find detailed analytics on 2521 stock on TipRanks’ Stock Analysis page.