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China Ruyi Holdings Limited ( (HK:0136) ) has shared an update.
China Ruyi Holdings Limited has completed the second tranche of a share subscription under its existing general mandate, solidifying a multi-stage equity fundraising exercise. The Hong Kong-listed company issued 400 million new shares at HK$2.60 each in the second tranche, bringing the total shares issued across both tranches to 790 million at an average price of HK$2.80 per share and raising gross proceeds of approximately HK$2.21 billion, which is expected to strengthen its capital base and financial flexibility for future corporate needs and strategic initiatives.
The most recent analyst rating on (HK:0136) stock is a Hold with a HK$2.50 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: 70,324,510
Technical Sentiment Signal: Sell
Current Market Cap: HK$36.57B
For detailed information about 0136 stock, go to TipRanks’ Stock Analysis page.