China Ruyi Holdings Details Equity Transfer

China Ruyi Holdings Limited (HK:0136) has released an update.

China Ruyi Holdings Limited has provided additional details on the basis of consideration for its equity transfer and its continuing connected transactions, emphasizing the sales performance, asset value, and future prospects of the Target Company’s operations, particularly the game ‘Red Alert Online’. The initial and maximum consideration for the equity transfer are RMB 259 million and RMB 350 million respectively, figures which the Directors consider to be fair and in the shareholders’ best interests. Additionally, financial details of the Target Company for the year ended 31 December 2023 were disclosed, with a pre-tax profit and a net loss reported.

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