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An update from Suoxinda Holdings Limited ( (HK:3680) ) is now available.
Ruihe Data Technology Holdings Limited has entered into a placing agreement to issue up to 158 million new shares under its existing general mandate at HK$0.783 per share, representing about 19.98% of its current issued share capital and 16.65% of the enlarged share capital. The placing price reflects a discount to recent market prices and is expected to raise approximately HK$123.17 million in net proceeds, which will be used mainly to repay group borrowings and for general working capital, with the remainder earmarked for non-crypto-related strategic investments. The placing will be conducted on a best-endeavour basis through Theia Securities Limited, a connected person controlled by executive director Sun Dexin, and does not require additional shareholder approval, though completion remains conditional and may or may not proceed, prompting a cautionary note to investors.
The most recent analyst rating on (HK:3680) stock is a Sell with a HK$0.86 price target. To see the full list of analyst forecasts on Suoxinda Holdings Limited stock, see the HK:3680 Stock Forecast page.
More about Suoxinda Holdings Limited
Ruihe Data Technology Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange (stock code: 3680). The group operates in the data technology sector, though this announcement focuses primarily on its capital-raising and financing activities rather than detailed operational lines or specific products and services.
Average Trading Volume: 951,717
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$719.7M
See more data about 3680 stock on TipRanks’ Stock Analysis page.