Zhonghua Gas Holdings Ltd. Announces Strategic Allocation of Net Proceeds for Staff Costs, Office Rental, Legal Fees, and General Expenses
Reuters
Jun 17
Zhonghua Gas Holdings Ltd. Announces Strategic Allocation of Net Proceeds for Staff Costs, Office Rental, Legal Fees, and General Expenses
Zhonghua Gas Holdings Ltd. has announced its strategic plan to allocate the net proceeds from a recent subscription of new shares under a general mandate, which amounts to approximately HK$23,900,000. The company intends to utilize these funds to support its general working capital needs. Specifically, around 60% of the proceeds will be directed towards covering staff costs, including salaries, allowances, and emoluments for directors and the chief executive. Approximately 10% is earmarked for office rental expenses, 15% for legal and professional fees, and the remaining 15% for other general expenses. This plan underscores the company's focus on maintaining operational stability and ensuring efficient allocation of financial resources.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhonghua Gas Holdings Ltd. published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.