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Ruixin International Holdings Ltd. ( (HK:0724) ) has issued an update.
Ruixin International Holdings has delayed sending a shareholder circular related to its subscription and settlement arrangements, specific mandate, whitewash waiver and special deal, citing the need for more time to finalize information, including its 2025 annual results. The company has obtained regulatory consent to extend the despatch deadline to no later than April 30, 2026, while trading in its shares, suspended since September 2, 2024, will remain halted until it meets resumption guidance, prompting a cautionary notice to investors.
The continued suspension underscores ongoing regulatory and financial remediation efforts that could affect the timing and structure of the proposed capital and corporate actions. Shareholders and potential investors face prolonged uncertainty over the company’s trading status and the eventual outcome of its restructuring-related transactions, and are urged to seek professional advice before dealing in the stock.
More about Ruixin International Holdings Ltd.
Ruixin International Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 724. The group operates through a board led by chairlady Li Yang, with both executive and independent non-executive directors overseeing its activities and compliance as it works toward resuming trading in its shares.
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.82M
For detailed information about 0724 stock, go to TipRanks’ Stock Analysis page.