---
title: "China Ruyi to Raise HK$2.57 Billion via Zero-Coupon Convertible Bonds for Expansion and Debt Repayment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273758564.md"
description: "China Ruyi Holdings Limited plans to raise HK$2.57 billion through zero-coupon convertible bonds due 2027. The funds will be used for debt repayment, acquiring a 30% stake in Beijing Yonghang Technology, supporting strategic investments, and enhancing working capital for gaming operations. The bonds will be listed on the Vienna Stock Exchange, while conversion shares will be listed in Hong Kong. The company aims to strengthen its balance sheet and expand its digital entertainment and gaming businesses. The current analyst rating for the stock is a Hold with a price target of HK$2.50."
datetime: "2026-01-26T23:09:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273758564.md)
  - [en](https://longbridge.com/en/news/273758564.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273758564.md)
---

# China Ruyi to Raise HK$2.57 Billion via Zero-Coupon Convertible Bonds for Expansion and Debt Repayment

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

China Ruyi Holdings Limited has agreed to issue HK$2.574 billion of zero-coupon convertible bonds due 2027 under its general mandate, with a sole lead manager subscribing for the entire amount and an initial conversion price set at HK$2.60 per share, with the resulting conversion shares ranking pari passu with existing shares. The company plans to use the estimated HK$2.548 billion in net proceeds to repay debt, part-fund the acquisition of a 30% stake in Beijing Yonghang Technology Company Limited, support strategic investments and acquisitions, bolster working capital for its gaming operations, and finance the production of drama series for streaming platforms; the bonds will be listed on the Vienna Stock Exchange, while the conversion shares will be listed in Hong Kong, in a move that strengthens the group’s balance sheet and funds expansion across its core digital entertainment and gaming businesses.

The most recent analyst rating on (HK:0136) stock is a Hold with a HK$2.50 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 Bermuda-incorporated company listed in Hong Kong (Stock Code: 136) that operates in the entertainment and digital media sector, with business lines including gaming and the production of drama series for streaming platforms, and is also pursuing technology-related investments such as an equity stake in Beijing Yonghang Technology Company Limited.

**Average Trading Volume:** 60,063,158

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$39.82B

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