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Shenghui Cleanness Group Holdings Limited ( (HK:2521) ) has issued an announcement.
Shenghui Cleanness Group Holdings Limited has announced a plan to place up to 194,020,000 new shares under a general mandate, representing approximately 11.05% of its existing issued shares. The placement, priced at HK$0.250 per share, is expected to raise a maximum of HK$48.51 million in gross proceeds, which will be used for capital injection into its subsidiary Tianyou Shenghui, potential acquisitions in the cleaning and maintenance sector, and general working capital. This strategic move aims to bolster the company’s waste recycling business and explore synergies in its operations.
More about Shenghui Cleanness Group Holdings Limited
Shenghui Cleanness Group Holdings Limited is a company incorporated in the Cayman Islands, focusing on waste recycling and cleaning and maintenance services in the PRC and Hong Kong.
Average Trading Volume: 1,324,811
Technical Sentiment Signal: Sell
For an in-depth examination of 2521 stock, go to TipRanks’ Stock Analysis page.