Ruixin International Holdings Ltd. (HK:0724) has released an update.
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Ruixin International Holdings Ltd. has experienced a steep decline in sales orders for its electronic products division due to global economic challenges and intense industry competition, leading to near cessation of operations. The company is also delaying the publication of its interim results and interim report for the first half of 2024, which has consequently resulted in the suspension of trading of its shares on the Stock Exchange. Meanwhile, the company is exploring new business opportunities in Vietnam, although no agreements have been finalized.
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