Ruicheng (China) Media Group Limited (HK:1640) has released an update.
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Ruicheng (China) Media Group Limited is set to place convertible bonds worth up to HK$300,001,000, with the potential to convert into 115,385,000 new shares, marking a significant move to expand its capital base by over 17%. Concurrently, the company is planning a rebranding to Qian Xun Technology Limited, reflecting a strategic shift in its business focus.
For further insights into HK:1640 stock, check out TipRanks’ Stock Analysis page.