Shenghui Cleanness Group Holdings (2521) Provides Supplemental Details on 2024 Annual Report

Bulletin Express
11/04

Shenghui Cleanness Group Holdings (2521) released supplemental information regarding its 2024 Annual Report. According to the announcement, approximately HK$19.12 million was used during the reporting year to acquire shares of BTI, while about HK$3.94 million was allocated for general working capital. As at 31 December 2024, HK$16.29 million from the placing proceeds remained unutilized.

The announcement also outlined the planned application of net proceeds from a global offering totaling HK$73.5 million, with the largest portion of the funds intended for establishing new branch offices. Other allocations include potential acquisitions or investments in cleaning and maintenance service providers, efforts to enhance public space cleaning capabilities, technological upgrades, and marketing expansion. The expected timetable for full utilization is set for December 2026.

Additionally, the Board noted that 162,500,000 share options and awards were available for grant as at 31 December 2024, accounting for 9.25% of the issued shares at that date. No shares had been granted under the plan as of the same date.

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