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 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.
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