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Sanergy Group Ltd. ( (HK:2459) ) has shared an update.
Sanergy Group Limited has announced a further change in the allocation of net proceeds from its Hong Kong listing, revisiting how the remaining HK$45.5 million of the original HK$186.7 million raised will be used. As at 30 June 2025, HK$141.2 million had already been deployed, mainly to pay for the Taigu Assets, working capital, operational costs of the graphite electrode business, and initial upgrades to production systems, with the balance earmarked primarily for upgrading production at its Italian and PRC factories and the Sanli Assets, as well as for expanding its graphite anode materials business. The updated plans confirm that HK$42.2 million is scheduled to be invested in production system upgrades by the second half of 2026 and HK$3.3 million in the graphite anode materials segment by the first half of 2026, signalling continued emphasis on capacity enhancement and diversification within its graphite-related portfolio, which could strengthen operational efficiency and support long‑term growth in its target markets.
The most recent analyst rating on (HK:2459) stock is a Sell with a HK$0.11 price target. To see the full list of analyst forecasts on Sanergy Group Ltd. stock, see the HK:2459 Stock Forecast page.
More about Sanergy Group Ltd.
Sanergy Group Limited is a Hong Kong‑listed company incorporated in the Cayman Islands that operates manufacturing facilities in Italy and the PRC, including assets referred to as the Italian Factory, the PRC Factory, the Sanli Assets and the Taigu Assets. The Group is engaged in graphite-related products, including a graphite electrode business and the development and expansion of a graphite anode materials business, serving industrial customers in markets that demand advanced carbon and graphite materials.
Average Trading Volume: 5,635,621
Technical Sentiment Signal: Sell
Current Market Cap: HK$181.3M
For an in-depth examination of 2459 stock, go to TipRanks’ Overview page.