Ruixin International Holdings Ltd. (HK:0724) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.