China Ruyi Revises Share Subscription Terms
China Ruyi Holdings Limited (HK:0136) has announced a revision to its share subscription terms through a third supplemental agreement. The changes include aggregating and reducing the number of subscription shares, adjusting the subscription price, and removing certain procedural requirements. These adjustments aim to align with market conditions and are deemed fair by the company's directors. The latest analyst rating for HK:0136 is a Hold with a price target of HK$3.00. The company's current market cap is HK$44.12B.
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An announcement from China Ruyi Holdings Limited ( (HK:0136) ) is now available.
China Ruyi Holdings Limited announced the entry into a third supplemental agreement to revise the terms of its share subscription and placing agreements. The company will aggregate and reduce the number of subscription shares, adjust the subscription price, and remove certain procedural requirements. These changes are aimed at aligning with market conditions and are considered fair and reasonable by the company’s directors, potentially impacting the company’s share capital 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
China Ruyi Holdings Limited is a company incorporated in Bermuda, focusing on issuing new shares under a general mandate.
Average Trading Volume: 72,991,016
Technical Sentiment Signal: Buy
Current Market Cap: HK$44.12B
