---
title: "Ruihe Data Tech Plans Discounted Share Placing to Raise HK$123 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273610584.md"
description: "Ruihe Data Technology Holdings Limited plans to raise approximately HK$123 million through a discounted share placing of up to 158 million new shares at HK$0.783 each. This represents about 19.98% of its current issued share capital. The funds will primarily be used to repay borrowings and for general working capital, with some allocated for strategic investments. The placing will be conducted by Theia Securities Limited and does not require shareholder approval, but completion is conditional. The latest analyst rating for the stock is a Sell with a price target of HK$0.86."
datetime: "2026-01-25T11:37:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273610584.md)
  - [en](https://longbridge.com/en/news/273610584.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273610584.md)
---

# Ruihe Data Tech Plans Discounted Share Placing to Raise HK$123 Million

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An update from Suoxinda Holdings Limited ( (HK:3680) ) is now available.

Ruihe Data Technology Holdings Limited has entered into a placing agreement to issue up to 158 million new shares under its existing general mandate at HK$0.783 per share, representing about 19.98% of its current issued share capital and 16.65% of the enlarged share capital. The placing price reflects a discount to recent market prices and is expected to raise approximately HK$123.17 million in net proceeds, which will be used mainly to repay group borrowings and for general working capital, with the remainder earmarked for non-crypto-related strategic investments. The placing will be conducted on a best-endeavour basis through Theia Securities Limited, a connected person controlled by executive director Sun Dexin, and does not require additional shareholder approval, though completion remains conditional and may or may not proceed, prompting a cautionary note to investors.

The most recent analyst rating on (HK:3680) stock is a Sell with a HK$0.86 price target. To see the full list of analyst forecasts on Suoxinda Holdings Limited stock, see the HK:3680 Stock Forecast page.

**More about Suoxinda Holdings Limited**

Ruihe Data Technology Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange (stock code: 3680). The group operates in the data technology sector, though this announcement focuses primarily on its capital-raising and financing activities rather than detailed operational lines or specific products and services.

**Average Trading Volume:** 951,717

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$719.7M

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