HK-listed Hygeia Healthcare falls on discounted share sale

Hygeia Healthcare Holdings Co

04/01/2023 02:04

** Shares of Hygeia Healthcare Holdings Co Ltd  6078.HK 
fall as much as 7.8% to HK$54.10, set for their biggest daily
pct decline since Oct. 28, if losses hold
    ** Stock on track to snap a four-session rally; biggest
decliner in the Hang Seng Composite Index  .HSCI  
    ** The Chinese oncology healthcare services provider says it
plans to sell 14.8 mln shares, representing 2.34% of the
enlarged share capital, to third party investors, raising
HK$791.8 mln ($101.34 mln) for acquiring hospitals in key
regions  urn:newsml:reuters.com:*:nFWN33O17N
    ** Shanghai-based company says the new shares will be issued
at HK$53.50 each, or an 8.8% discount to Tuesday's close of
HK$58.65 
    ** The Hang Seng Commerce & Industry Index  .HSNC  climbs
0.7%; the healthcare index  .HSCIH  gains 0.6%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both rise 1% each
($1 = 7.8135 Hong Kong dollars)
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))