Shenghui Cleanness Group Holdings Ltd. has announced the completion of its placement of new shares under a general mandate, raising approximately HK$47.60 million in net proceeds. The company plans to allocate roughly 50% of these funds to capital injection into its wholly-owned subsidiary, Tianyou Shenghui, to further develop its waste recycling business. Additionally, about 10% of the net proceeds will be directed towards investments or acquisitions of potential targets in the cleaning and maintenance services sector within the PRC and Hong Kong. These investments aim to enhance integration and synergy within the company's value chain. As of now, the company has not identified specific targets for these investments.