Suoxinda Holdings Limited (HK:3680) has released an update.
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Ruihe Data Technology Holdings Limited has announced the assignment of its rights under various agreements, including the Convertible Loan Agreement, from the Investor to HK Hesheng Investment Limited, effective from 11 October 2024. The assignment comes after the Group failed to meet the conversion conditions for a Convertible Loan, which now has an outstanding principal of RMB20,000,000 plus accrued and default interest. Shareholders and potential investors are cautioned to exercise care when dealing in the Company’s shares.
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