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China Ruyi Holdings Limited ( (HK:0136) ) has shared an announcement.
China Ruyi Holdings Limited has announced a significant financial maneuver involving the issuance of new shares under a general mandate. The company has entered into agreements with a subscriber and a placing agent to issue 1.3 billion subscription shares at HK$3.00 each, aiming to raise approximately HK$3,895 million after expenses. The proceeds will be allocated towards business growth, strategic investments, acquisitions, and general working capital. This move represents a strategic effort to expand the company’s business and strengthen its market position.
The most recent analyst rating on (HK:0136) stock is a Buy with a HK$3.20 price target. To see the full list of analyst forecasts on China Ruyi Holdings Limited stock, see the HK:0136 Stock Forecast page.
More about China Ruyi Holdings Limited
Average Trading Volume: 88,021,191
Technical Sentiment Signal: Buy
Current Market Cap: HK$51.87B
See more insights into 0136 stock on TipRanks’ Stock Analysis page.