Yoho Group Holdings Ltd. (HK:2347) has released an update.
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Yoho Group Holdings Ltd. has disclosed that it has utilized approximately HK$30.3 million of the HK$74.7 million net proceeds from its global offering to bolster growth and expand its e-commerce presence, with plans to use the remaining funds by 2026. The funds are being allocated to initiatives such as capturing market share, launching online marketplace operations, and expanding services in the Greater Bay Area. This strategic allocation is aimed at enhancing supply chain capabilities, brand management, and staff expansion to support business strategies.
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