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Ruixin International Holdings Ltd. ( (HK:0724) ) has issued an announcement.
Ruixin International Holdings Limited 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 to resume trading on the Hong Kong Stock Exchange. It is in discussions with its substantial shareholder for funding and is exploring interim financing options to support its operations. The company has set up a new operating arm to enhance its trading activities and is in the process of securing a loan facility to meet its funding needs.
More about Ruixin International Holdings Ltd.
Ruixin International Holdings Limited is engaged in the manufacturing and trading of electronic and electrical parts and components. The company faces challenges due to the global economic environment, tariff protection issues, rising interest rates, and intense industry competition, which have significantly impacted its business operations.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$8.82M
For a thorough assessment of 0724 stock, go to TipRanks’ Stock Analysis page.