TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ruicheng (China) Media Group Limited ( (HK:1640) ) has provided an update.
Qian Xun Technology Limited, a company incorporated in the Cayman Islands, announced a supplemental update to its 2024 Annual Report regarding the use of proceeds from a share placement. The company successfully placed 80 million shares, raising approximately HK$39.4 million. Of these proceeds, HK$23.6 million was used to repay bank borrowings, while the remaining HK$15.8 million was allocated to general working capital, including staff costs and rental expenses. All proceeds were utilized as intended, and no other information in the 2024 Annual Report was affected.
More about Ruicheng (China) Media Group Limited
Average Trading Volume: 1,133,539
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.63B
See more data about 1640 stock on TipRanks’ Stock Analysis page.