U-Home Group Holdings (02327) said it proposes to raise about HK$213.2 million through an open offer on the basis of one offer share for every two existing shares held at HK$0.26 per offer share.
The subscription price represents a discount of about 17.46% to the closing price of HK$0.315.
The estimated net proceeds of about HK$210.9 million will be applied as to about 90% to finance the proposed acquisition of land in Australia and 10% as general working capital.
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