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China Ruyi Expands With TFI Investment in New Share Subscription
[Brokerage Focus] Soochow has initiated a "Buy" rating for CHINA RUYI (00136), bullish on its ability to produce high-quality content and its upcoming film and game developments.
Jinwu Financial News | Soochow Securities pointed out that CHINA RUYI (00136) has strong business barriers in the production and investment of film and television content, which come from the company's accumulation over the past decade. From book IP to TV drama production to film production, the company has steadily progressed, continuing to uphold its vision for IP and the potential for blockbuster film and television content while gradually expanding its ability to create high-quality content. This capability has been validated by historical data on the popularity of TV dramas and box office revenue from films. The firm indicated that in the gaming business, cooperation with Tencent provides a solid foundation for the company, and it is also continually exploring...
Hong Kong stocks movement | CHINA RUYI (00136) rises over 3%, the company's Business boundaries are continuously expanding, and the gaming Business has seen rapid growth in recent years.
CHINA RUYI (00136) rose over 3%, as of the time of this report, increasing by 3.52% to 2.65 Hong Kong dollars, with a transaction volume of 0.11 billion Hong Kong dollars.
China Ruyi Plans Up to HK$3.87 Billion Share Sale
CHINA RUYI (00136.HK) plans to issue subscription shares and place new shares to raise approximately 3.875 billion Hong Kong dollars.
On January 28, Gelonghui reported that CHINA RUYI (00136.HK) announced that on January 27, 2025, the company and the subscribers (Sunshine Life Insurance and TFI Investment) entered into a subscription agreement. According to this, the subscribers have conditionally agreed to subscribe, and the company has conditionally agreed to issue a total of approximately 1.1445 billion subscribed shares at a subscription price of HKD 2.37 per share, in accordance with the terms and conditions specified in each subscription agreement. The total proceeds from the share subscription amount to approximately HKD 2.712 billion (equivalent to about USD 0.35 billion), after deducting relevant expenses.
China Ruyi to Use Proceeds for Business Expansion Including Content Production, Purchase of Drama Script
China Ruyi Holdings Limited's (HKG:136) 29% Jump Shows Its Popularity With Investors
