China Ruifeng Renewable Energy Holdings Ltd. (HK:0527) has released an update.
China Ruifeng Renewable Energy Holdings Ltd. has announced major financial undertakings including the conditional subscription of new shares and convertible bonds with specific mandates, potentially amounting to over HK$1.3 billion in total capital. These transactions are part of strategic financial agreements with several subscribers, which could lead to significant equity changes in the company. Concurrently, the company is considering a 50% equity interest acquisition in a target company and has applied for a whitewash waiver, with trading of its shares set to resume.
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