Shenghui Cleanness (HKG:2521) is looking to offer 194,020,000 shares to at least six investors at HK$0.25 per share under a placement deal, according to a Monday filing with the Hong Kong bourse.

The shares represent 9.95% of the entire shareholding in the cleaning services company as enlarged by the offering.

Net proceeds, expected at HK$47.7 million, will be used to inject capital into direct wholly-owned subsidiary Tianyou Shenghui, as well as for the acquisition of maintenance and cleaning service companies in China and Hong Kong, and for general working capital.