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An announcement from Ruixin International Holdings Ltd. ( (HK:0724) ) is now available.
Ruixin International Holdings Ltd. has announced a quarterly update on its resumption progress and continued suspension of trading. The company is actively working on publishing outstanding financial results and addressing audit modifications, with the aim of resuming trading on the Hong Kong Stock Exchange. It has received a portion of a shareholder loan and is seeking additional financing to facilitate the publication of its 2024 Interim Results. The company has also established a new operating arm to focus on trading higher-margin electronic products and has successfully procured new sales orders to revitalize its business operations.
More about Ruixin International Holdings Ltd.
Ruixin International Holdings Ltd. is engaged in the manufacturing and trading of electronic and electrical parts and components. The company faces challenges due to global economic conditions, tariff issues, rising interest rates, and intense industry competition, which have significantly impacted its operations.
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.82M
For an in-depth examination of 0724 stock, go to TipRanks’ Overview page.