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China Ruyi Holdings Limited ( (HK:0136) ) has issued an update.
China Ruyi Holdings Limited has announced the proposed issuance of HK$2,341 million in convertible bonds due 2030 under a general mandate. The net proceeds from this issuance, estimated at approximately HK$2,304 million, will primarily be used for the growth and expansion of the company’s business in content production and for general working capital purposes. This move is expected to bolster the company’s operations and enhance its market positioning in the entertainment industry.
More about China Ruyi Holdings Limited
China Ruyi Holdings Limited is a company incorporated in Bermuda with limited liability, primarily focused on content production, including drama scripts, films, and TV programs. The company operates within the entertainment industry and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -6.12%
Average Trading Volume: 47,963,101
Technical Sentiment Signal: Hold
Current Market Cap: HK$35.7B
For a thorough assessment of 0136 stock, go to TipRanks’ Stock Analysis page.