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The latest announcement is out from Ruicheng (China) Media Group Limited ( (HK:1640) ).
Ruicheng (China) Media Group Limited has announced an extraordinary general meeting to discuss and approve a placing agreement for convertible bonds amounting to HK$300,001,000, which can be converted into 115,385,000 new shares. Additionally, the company plans to change its English name to Qian Xun Technology Limited, reflecting a strategic repositioning in its corporate identity. These resolutions, subject to approvals, could significantly impact the company’s financial operations and market presence.
More about Ruicheng (China) Media Group Limited
Ruicheng (China) Media Group Limited operates in the media industry, engaging in activities related to media services. The company focuses on providing a range of media-related products and services, and is involved in the dynamic media market in China.
YTD Price Performance: 40.07%
Average Trading Volume: 1,002,295
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2.37B
Learn more about 1640 stock on TipRanks’ Stock Analysis page.