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Ruixin International Holdings Ltd. ( (HK:0724) ) has issued an announcement.
Ruixin International Holdings has appointed Grand Moore Capital and Frontpage Capital as joint independent financial advisers to assess a series of proposed capital transactions, including share and convertible bond subscriptions, a specific mandate, a whitewash waiver and a special deal. The advisers will opine on whether these terms are fair and in the interests of independent shareholders, with their recommendations to be included in a forthcoming circular.
The company also confirmed that trading in its shares, suspended since 2 September 2024, will remain halted until it meets the Hong Kong Stock Exchange’s resumption requirements. The continued suspension underscores ongoing regulatory and restructuring processes, and shareholders and potential investors are urged to exercise caution and seek professional advice when dealing in any interests related to the company.
More about Ruixin International Holdings Ltd.
Ruixin International Holdings Ltd., incorporated in Bermuda and listed in Hong Kong, operates through a group structure and is governed by a board comprising executive and independent non-executive directors. The company’s shares are traded on the Hong Kong Stock Exchange under stock code 0724, though trading has been suspended since September 2024 pending fulfilment of resumption guidance.
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.82M
For detailed information about 0724 stock, go to TipRanks’ Stock Analysis page.