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An update from China Ruyi Holdings Limited ( (HK:0136) ) is now available.
China Ruyi Holdings Limited has announced the issuance of new shares through Subscription Agreements and a Placing Agreement under a General Mandate. The company aims to raise approximately HK$3.87 billion, with the majority of the funds allocated towards business growth and expansion, including content production and acquisition of copyrights. This strategic move represents about 11.40% of the company’s existing share capital, potentially strengthening its market position and operational capabilities.
More about China Ruyi Holdings Limited
China Ruyi Holdings Limited operates in the entertainment and media industry, focusing on content production, including drama scripts and copyrights, as well as film and TV program rights. The company is engaged in integrating upstream and downstream resources of its business operations.
YTD Price Performance: -0.82%
Average Trading Volume: 51,517,985
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$34.84B
Learn more about 0136 stock on TipRanks’ Stock Analysis page.
