Universal Health International Group (HKG:2211) agreed to allot and issue a total of 304,402,632 existing shares or 30,440,263 consolidated shares to Huang Yu for nearly HK$24.4 million, a Tuesday Hong Kong bourse filing said.
The shares, which will be issued at HK$0.08 per existing share or HK$0.80 per consolidated share, represent 27.54% of the firm's enlarged issued share capital.
The pharmaceutical distributor and retailer will use proceeds from the issue as general working capital.
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