Elephant Holdings Group Ltd. Announces Plans for E-Commerce Business Development and Marketing, Application Upgrades, and Logistics by 2027

Reuters
17 Jul
Elephant Holdings Group Ltd. Announces Plans for E-Commerce Business Development and Marketing, Application Upgrades, and Logistics by 2027

Elephant Holdings Group Limited has outlined its future strategy with a focus on business development and marketing activities across its existing and e-commerce businesses. The company plans to allocate HK$13.1 million towards these initiatives, with full utilization expected by January 2027. Additionally, HK$4.8 million will be directed towards the development, maintenance, and regular upgrades of its e-commerce application, alongside HK$2.9 million for goods logistics arrangements, both anticipated to be fully utilized by July 2026. For general working capital, including office rent, salaries, and other operational expenses, the company has earmarked HK$12.8 million, with full utilization expected by October 2026. These actions are part of a broader strategy to enhance and expand the company's business operations.

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