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Ruicheng (China) Media Group Limited ( (HK:1640) ) has shared an announcement.
Qian Xun Technology Limited has successfully completed the placing of convertible bonds, raising gross proceeds of HK$256,630,000. The funds will be used for overseas expansion, development of new business, repayment of bank borrowings, and general working capital, impacting the company’s shareholding structure and supporting its strategic growth initiatives.
More about Ruicheng (China) Media Group Limited
Qian Xun Technology Limited, formerly known as Ruicheng (China) Media Group Limited, operates in the technology sector. The company is focused on developing new business ventures and expanding its operations overseas, while maintaining its existing operations in the People’s Republic of China.
YTD Price Performance: 41.39%
Average Trading Volume: 737,570
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2.39B
Find detailed analytics on 1640 stock on TipRanks’ Stock Analysis page.