Shenghui Cleanness Group Steps Away From 51% Acquisition of Software Firm

MT Newswires Live

03/19

Shenghui Cleanness Group (HKG:2521) stepped back from a potential capital injection in Haohuo (Chongqing) Network Technology, according to a Hong Kong bourse filing Wednesday.

Shares of the cleaning and maintenance services firm fell nearly 3% in midday trade Thursday.

Haohuo (Chongqing) Network Technology, a provider of AI- and cloud-based software solutions, is liable to return 9 million yuan deposited as part of the negotiations, Shenghui Cleanness said.

Shenghui Cleanness' indirect wholly owned subsidiary, Guangzhou Shenghui, had considered subscribing for at least a 51% stake in Haohuo (Chongqing) Network Technology.

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