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China Ruyi Holdings Announces Second Supplemental Agreement for Share Issuance

Story Highlights
  • China Ruyi Holdings enters a second supplemental agreement for new share issuance.
  • The agreement designates Infini Global Master Fund as the subscriber, impacting capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Ruyi Holdings Announces Second Supplemental Agreement for Share Issuance

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China Ruyi Holdings Limited ( (HK:0136) ) has provided an announcement.

China Ruyi Holdings Limited has entered into a second supplemental agreement concerning the issuance of new shares under a general mandate. This agreement involves the allocation of 910 million subscription shares into two tranches, with Infini Global Master Fund designated as the subscriber. The agreement removes the requirement for the subscriber to obtain consent from its limited partners, potentially streamlining the process and impacting the company’s capital structure and market positioning.

The most recent analyst rating on (HK:0136) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on China Ruyi Holdings Limited stock, see the HK:0136 Stock Forecast page.

More about China Ruyi Holdings Limited

Average Trading Volume: 99,695,978

Technical Sentiment Signal: Buy

Current Market Cap: HK$47.4B

For an in-depth examination of 0136 stock, go to TipRanks’ Overview page.

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