Dongjiang Environmental Redirects Unused A-Share Proceeds to Working Capital and Upgrades

Dongjiang Environmental Company ( (HK:0895) ) has issued an update.

Dongjiang Environmental Company has reallocated the remaining RMB580.40 million from its approximately RMB1.19 billion in net proceeds raised via a non-public A-share issuance, after using about 51% of the funds by 30 November 2025. The board and its audit and risk management committee have approved shifting most of the unutilized proceeds from previously planned projects—such as the Green Recycling Centre (Phase 1) in Jieyang, a smart digitalization project, and part of an expansion of sewage treatment facilities in Hubei—toward replenishing general working capital, while reserving RMB10 million for outstanding costs on the Hubei sewage project and fully funding the hazardous waste treatment modification and upgrade; the remaining funds are expected to be deployed by December 2028, signaling a focus on balance sheet flexibility and operational funding over large-scale capital expansion in the near term.

The most recent analyst rating on (HK:0895) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Dongjiang Environmental Company stock, see the HK:0895 Stock Forecast page.

More about Dongjiang Environmental Company

Dongjiang Environmental Company Limited is a PRC-incorporated environmental services provider listed in Hong Kong, operating in the hazardous waste treatment and recycling segment. Its activities include development and operation of recycling centers, sewage treatment facilities, and related environmental protection and waste management projects serving industrial and municipal clients.

YTD Price Performance: 22.70%

Average Trading Volume: 4,800,361

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.15B

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