Ruixin International Holdings Ltd. (HK:0724) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ruixin International Holdings Ltd. faces significant challenges as it reports nearly no sales orders in its electronic products business, generating only HK$84,000 from sample and scrap sales this year. The company plans to terminate all remaining staff in December 2024 due to a lack of resources to sustain operations. Additionally, trading in the company’s shares remains suspended, pending the release of interim results.
For further insights into HK:0724 stock, check out TipRanks’ Stock Analysis page.