Onewo Inc. Details Proceeds Utilization Post-Offering

Onewo, Inc. Class H (HK:2602) has released an update.

Onewo Inc., a PRC-based joint stock company, has reported the utilization of approximately 40.5% of its net proceeds from its Global Offering, amounting to RMB2,274.3 million, with the remaining 59.5% (RMB3,342.9 million) yet to be allocated. This unutilized amount is intended for various development and expansion initiatives, including the Onewo Town model, residential property services, AIoT and BPaaS solutions, and talent acquisition. The funds utilized to date align with the company’s previously disclosed investment strategy in its prospectus.

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