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02521 升輝清潔
Listing Date2023/12/05
Listing Price0.320
  • 0.275 0.000 (0.000%)    Sink Below Listing Price
  • 15-min delayed, last update: 27/05/2024 17:59
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Shenghui Cleanness Group is a cleaning and maintenance services provider in Guangdong province PRC. It has developed its business since its establishment in 2000 to offer a wide range of services to over 700 customers and extend the coverage of its operations to 14 provincial-level regions in the PRC.


The Group service capabilities include the provision of basic cleaning and maintenance service, garbage collection and transportation service, waste collection and transportation service, water tank cleaning service and ancillary services. It also offers specialised cleaning services such as stone cleaning and restoration and high-altitude cleaning with mobile elevated platforms.


The Group secure its contracts with customers through the tender process or by direct engagement. Most of its revenue is derived from contracts awarded through competitive tendering.


The Group services including government authorities and institutions, state-owned enterprises, companies listed on the Stock Exchange or other major stock exchanges and private enterprises.

MarketHong Kong (Main Board)
Business NatureCommercial & Professional Services
Major Business AreaChina
Board Lot7500
No. of Offer Shares414.38M shares
No. of Placing Shares290.06M shares
No. of Public Offer Shares124.31M shares
Offer Price$0.32 - $0.40
Stock Code2521
Sponsor(s)Cinda International Capital Limited
Underwriter(s)Cinda International Capital Limited, ICBC International Securities Limited, CCB International Capital Limited, Yuen Meta (International) Securities Limited, China Sunrise Securities (International) Limited, ABCI Securities Company Limited, CEB International Capital Corporation Limited, China Everbright Securities (HK) Limited, China Industrial Securities International Capital Limited, CMB International Capital Limited, CMBC Securities Company Limited, Eddid Securities and Futures Limited, Gear Securities Investment Limited, Grand Moore Capital Limited, Livermore Holdings Limited, Realord Asia Pacific Securities Limited, SBI China Capital Financial Services Limited, Soochow Securities International Brokerage Limited, SPDB International Capital Limited, Zheshang International Financial Holdings Co., Limited, Zhongtai International Securities Limited
Application PeriodNov 27 (Mon) - noon, Nov 30 (Thu)
Price Determination DateDec 01 (Fri)
Result Announcement DateOn or before Dec 04 (Mon)
Result Announcement DateOn or before Dec 04 (Mon)
Result Announcement DateOn or before Dec 05 (Tue)
Dealings in Shares commence onDec 05, 2023. (Tue)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$0.32 - $0.40
Capitalization520.00M - 650.00M
NAV / share ($)$0.19 - $0.21 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.36, the net proceeds raised would be HKD 87.40M, of which
70.3% : Expanding geographic presence across the PRC, particularly establishing new subsidiaries or strategic acquisition
19.4% : Enhancing service capabilities to capture opportunities in the public space cleaning sector
7.6% : Used for adoption of technological advances in the industry and upgrading information technology system
2.5% : Expand marketing department and strengthen brand recognition through promotional activities
0.2% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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