Wisetong Financial News APP reported that Sun Hing Print (01975) announced that on October 15, 2024, its indirectly wholly-owned subsidiary ESG Print Limited (ESG Print), and goESG Limited (goESG) entered into a investment agreement. According to the investment agreement, ESG Print has agreed to subscribe for up to 15% of the issued share capital of goESG at a price of 0.85 million US dollars on a fully diluted basis. The Group is strategically investing in goESG through ESG Print as part of its new direction to implement its key principles and values, such as environmental, social, and governance aspects, and to expand its product offerings.

The announcement stated that the investment in goESG aligns with the company's commitment to sustainability and innovation, while diversifying the Group's printing business. This investment allows the Group to seize the significant growth opportunities in ESG initiatives, expecting to create substantial value for shareholders.