Aceso Life Sci (00474.HK) and Hao Tian Intl (01341.HK) jointly announced that Hao Tian Intl Construction Investment intends to acquire 55% of the total issued share capital of the target company SEV Holding and will pay with newly issued shares at a price of 0.35 yuan per share, with the proposed acquisition expected to take place in the fourth quarter.

The target company mainly provides one-stop solutions for electric automobile sales, leasing, and electric charging in Singapore.