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Ruicheng (China) Media Group Limited ( (HK:1640) ) has provided an update.
Qian Xun Technology Limited has announced the conversion of multiple tranches of its previously placed convertible bonds into equity by six subscribers. The conversions, all executed on 26 February 2026 at a price of HK$2.6 per share, resulted in the issuance of a total of 39,230,768 new shares.
These newly issued shares rank pari passu with existing ordinary shares and represent about 7.01% of the company’s issued share capital before the conversions and approximately 6.55% after enlargement. The move shifts part of the company’s financing from debt to equity, modestly diluting existing shareholders while strengthening the balance sheet and potentially improving financial flexibility.
The most recent analyst rating on (HK:1640) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Ruicheng (China) Media Group Limited stock, see the HK:1640 Stock Forecast page.
More about Ruicheng (China) Media Group Limited
Qian Xun Technology Limited is a Cayman Islands-incorporated company listed on the Stock Exchange of Hong Kong. The group operates in the technology sector, though the announcement focuses primarily on its capital structure and financing arrangements rather than detailing specific products or services.
Average Trading Volume: 677,203
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.85B
For a thorough assessment of 1640 stock, go to TipRanks’ Stock Analysis page.