Universal Health International Group Holding Ltd. (HK:2211) has released an update.
Universal Health International Group Holding Ltd. has conditionally agreed to issue 133,509,926 new shares at HK$0.08 each, after market hours on June 12, 2024, potentially raising HK$10.7 million in gross proceeds. This significant issuance represents about 20% of the existing share capital and 16.67% post-issuance, with an intention to bolster the company’s general working capital. Shareholders are cautioned that the deal’s completion hinges on certain conditions being met.
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