Shenghui Cleanness Group Clarifies Profit Guarantee Period for Recent Acquisition

Reuters
05-21
Shenghui Cleanness Group Clarifies Profit Guarantee Period for Recent Acquisition

Shenghui Cleanness Group Holdings Ltd. has issued a supplemental announcement regarding its acquisition of target companies. The company clarified that due to a clerical error, the profit guarantee period for Targets A and B was misstated. The correct profit guarantee period for both targets is one year, spanning from July 1, 2025, to June 30, 2026. This guarantee is net of taxation and excludes extraordinary items and minority interests. Additionally, Shenghui will assign personnel to oversee the operations of the acquired companies, ensuring that the vendors fulfill their undertakings as per the Sale and Purchase Agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shenghui Cleanness Group Holdings Ltd. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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