Shenghui Cleanness Expands Stake in BTI with Strategic Acquisition

Shenghui Cleanness Group Holdings Limited (HK:2521) has released an update.

Shenghui Cleanness Group Holdings Limited has announced a strategic acquisition, becoming the third-largest shareholder of BTI by acquiring 5,574,600 shares, which represents about 6.99% of BTI’s total issued shares. This move aligns with Shenghui’s goal to expand its presence in the cleaning and maintenance sector in the Greater Bay Area. The acquisition was deemed fair and reasonable, based on market price evaluations and potential synergies with BTI’s offerings.

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