Recently, SHENGHUI CLEAN (02521) spent 27.873 million yuan to acquire a total of 5.5746 million shares of Bestar shares.

SHENGHUI CLEAN (02521) announced that between August 9, 2024 and September 19, 2024, the company, through its indirect wholly-owned subsidiary, acquired a total of 5.5746 million shares of PepsiCo's stock from a seller (an independent third party) through an off-market bulk transaction to complete the acquisition. The total consideration was approximately RMB 27.873 million, equivalent to approximately HKD 30.6 million (excluding transaction costs), with an average price of approximately RMB 5.00 per share of PepsiCo's stock. Prior to the acquisition, the company held fractional shares of PepsiCo's stock. Following the completion of the acquisition of PepsiCo's stock, the company will hold a total of 5.5746 million shares of PepsiCo's stock, representing approximately 6.99% of the total issued shares of PepsiCo as of the date of this announcement. The directors believe that PepsiCo's expertise will help the group in recycling the waste it collects and providing value-added services to the group's customers, with expected synergies to be generated.