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Shenghui Cleanness Group Holdings Limited ( (HK:2521) ) just unveiled an update.
Shenghui Cleanness Group Holdings Limited has announced that its subsidiary Guangzhou Tianyou Shenghui will acquire 15 non-revenue-generating patents (13 utility model patents and two design patents) from connected party Shenzhen Baishida for a total consideration of RMB4 million (approximately HK$4.44 million). The deal, classified as a connected transaction under Hong Kong listing rules due to common ownership links with co-chairman Mr. Wei, triggers reporting and announcement requirements but is exempt from circular and independent shareholders’ approval, and will result in the patents being owned and used by Guangzhou Tianyou Shenghui while existing third-party licences granted by Shenzhen Baishida remain unaffected.
The most recent analyst rating on (HK:2521) stock is a Hold 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
Shenghui Cleanness Group Holdings Limited is a Hong Kong-listed company engaged in the cleanness and related services sector, operating through subsidiaries in mainland China. Its business involves technology and intellectual property related to cleaning products and solutions, supported by a portfolio of patents and utility models in its operating units.
Average Trading Volume: 8,414,016
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.19B
Find detailed analytics on 2521 stock on TipRanks’ Stock Analysis page.