Ruicheng (China) Media Group Limited (HK:1640) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.