Shenghui Cleanness Group(02521.HK): Enters Framework Cooperation Intent Agreement with Hanshu Capital to Set Up M&A Fund and Joint Ventures

NewTimeSpace News: On 17 July 2026, Shenghui Cleanness Group(02521.HK) issued an announcement that the Company signed a non-binding framework cooperation intent agreement with Hanshu Capital (Beijing) Co., Ltd., planning cooperation in three areas. First, establish an M&A fund to acquire equity interests in China Water Environment Group. Second, set up a joint venture to carry out AI-driven intelligent water management and operation projects, delivering smart water supply management and premium drinking water solutions for water resource projects provided by Hanshu Capital. Third, form a joint venture to develop self-branded products including bottled water, iced beverages and direct drinking water.

Hanshu Capital principally engages in investment management and asset management, while China Water Environment focuses on water environment governance and resource recycling.

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