Beijing Enterprises Urban Resources Wins HK$964 Million Hong Kong Hygiene Services Tender

An update from Beijing Enterprises Urban Resources Group Ltd. ( (HK:3718) ) is now available.

Beijing Enterprises Urban Resources Group Limited announced that its 85%-owned Hong Kong subsidiary, Shiny Glory Services Limited, has won a major tender from the Leisure and Cultural Services Department to provide cleaning and supporting services to leisure venues across several Hong Kong districts. The three-year contracts, expected to commence on 1 May 2026, carry an estimated total value of HK$964.54 million and annual revenue of about HK$321.51 million, although final figures may vary as formal contracts have not yet been signed.

Under the new mandate, Shiny Glory Services will deliver cleansing, pest control, waste and recyclable collection, and other support services to parks, playgrounds, and leisure venues in Islands, Tsuen Wan, Tuen Mun, Yuen Long, and Kwai Tsing. The successful bid reinforces the group’s position in Hong Kong’s environmental hygiene market and signals a meaningful expansion of its services portfolio and revenue base, while the company cautions investors that actual contract value and income could change with market conditions.

More about Beijing Enterprises Urban Resources Group Ltd.

Beijing Enterprises Urban Resources Group Limited is an environmental services provider focused on environmental hygiene, hazardous waste treatment, and waste electrical and electronic equipment treatment. Through subsidiaries such as Shiny Glory Services Limited in Hong Kong, the group targets public-sector contracts for large-scale cleaning, waste management, and related support services across urban districts and public facilities.

Average Trading Volume: 1,153,760

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.6B

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