SHENGHUI CLEAN (02521) Signs Memorandum of Understanding for Potential Acquisition of China Water Environment Group Shares

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Apr 16

SHENGHUI CLEAN (02521) has announced that on April 16, 2026, the company, acting as the buyer, entered into a non-binding memorandum of understanding with CPE China Water Investment Limited, the seller. According to the memorandum, the company intends to acquire shares of China Water Environment Group Co., Ltd. The specific number of target company shares to be purchased and the associated consideration are subject to further negotiation between the contracting parties and will be detailed in a formal sale and purchase agreement to be subsequently executed by the company and the seller. The seller is a company incorporated in the British Virgin Islands and is primarily engaged in investment holding. The target company is a company established in the Cayman Islands, mainly involved in providing sewage treatment, water environment management, and comprehensive resource utilization services.

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