China: Hygeia Healthcare raises HK$792m through share placement

Hygeia Healthcare, a provider of healthcare services in China, has raised HK$792m (US$101m) from a placement of shares. Funds will support the group’s long-term expansion and growth plan. It also serves to broaden the shareholder base of the company. Hygeia intends to spend approximately 85% of the net total on acquiring hospitals in key regions…