South Africa: RH Bophelo to raise R1.5bn in equity deal

Quinton Zunga is the founder and current chief executive officer of RH Bophelo

JSE-listed healthcare special purpose acquisition company RH Bophelo is looking to raise R1.5bn (US$102m) via a retail equity deal to increase its investment portfolio from R600m to R2.1bn. Shares will be sold at a 5% discount to the VWAP. Proceeds will be used to expand the company’s footprint in every province and township of South…

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