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