Tsui Wah Holdings Limited has announced a strategic change in the use of proceeds from its initial public offering. The company plans to reallocate the unutilised portion of the net proceeds, originally intended for the construction of the Shanghai Kitchen, to additional working capital and other general corporate purposes. This decision comes after careful evaluation of the Group's operations and business strategies, with the aim of deploying financial resources more effectively. The reallocated funds, amounting to approximately HK$20.6 million, are expected to be fully utilised by December 2026. The company believes this shift will benefit the overall interests of the company and its shareholders without adversely affecting existing business operations.
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