HTICI Eyes Green Energy Sector with SEV Holding Acquisition

Hao Tian International Construction Investment Group Limited (HK:1341) has released an update.

Hao Tian International Construction Investment Group Limited (HTICI) has announced a non-binding intent to acquire 55% of SEV Holding Pte. Ltd., a company specializing in electric vehicle sales and charging solutions in Singapore. The proposed HK$433.27 million deal, to be finalized in Q4 2024, is part of HTICI’s strategy to diversify their portfolio and capitalize on increasing global demand for green energy solutions. If successful, this acquisition will mark HTICI’s significant expansion into the green energy sector, aligning with aggressive policies like Singapore’s Green Plan 2030.

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