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Ruixin International Holdings Ltd. ( (HK:0724) ) has issued an update.
Ruixin International Holdings Ltd. has announced a quarterly update on its resumption progress and continued suspension of trading. The company is working to publish outstanding financial results, secure necessary funding, and appoint a new auditor to resume trading on the Hong Kong Stock Exchange. Additionally, Ruixin has established a new operating arm to enhance its trading operations and comply with listing rules, while seeking interim financing to support its business activities.
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 a weakening global economic environment, tariff protection issues, rising interest rates, and intense industry competition, which have significantly impacted its operations.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$8.82M
Find detailed analytics on 0724 stock on TipRanks’ Stock Analysis page.