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Lushang Life Services Co., Ltd. Class H ( (HK:2376) ) has provided an announcement.
Lushang Life Services has reaffirmed its original allocation plan for the net proceeds from its 2022 global offering, confirming that funds remain earmarked primarily for strategic cooperation, acquisitions and investments to expand its property management scale and diversify its portfolio, alongside enhancements to service offerings, IT infrastructure and general working capital. As of the latest reporting date, the company has used approximately HK$19.05 million of the proceeds, with about HK$119.35 million still unutilised and targeted for full deployment by 31 December 2025, while interest and foreign exchange gains generated on the idle funds will be applied to working capital and general corporate purposes, signalling a cautious but committed approach to growth and operational improvement.
More about Lushang Life Services Co., Ltd. Class H
Lushang Life Services Co., Ltd. is a PRC-incorporated property management and community services provider listed in Hong Kong, focusing on managing residential projects and offering diversified community value-added services, underpinned by ongoing investment in information technology and standardized operations.
Average Trading Volume: 7,160
Technical Sentiment Signal: Buy
Current Market Cap: HK$413.4M
For detailed information about 2376 stock, go to TipRanks’ Stock Analysis page.