According to Zhitong Finance App News, Shenghui Technology (300423.SZ) announced that the company plans to terminate the original issuance of shares to purchase 85% of the shares of Hepu Energy & Environmental Technology Co., Ltd. (“Hepp Energy” and “target company”) and raise supporting capital, and separately acquire Hepp Energy's shares in cash. Currently, it has signed a “Framework Agreement on Cash Payment for Asset Purchase” with the five original shareholders of Hepp Energy and the target company.

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