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China Ruyi Strengthens Gaming Portfolio With Tencent Acquisition
CHINA RUYI (00136.HK) intends to acquire 30% equity of Peking Yonghang Technology for 0.825 billion yuan.
On January 13, during the meeting of Gelonghui, CHINA RUYI (00136.HK) announced that on January 13, 2025, the group signed an Equity Transfer agreement to acquire 30% of the shares of the target company, Peking Yonghang Technology Co., Ltd., from TENCENT's subsidiary, a major shareholder of the company. The core assets of the target company include games such as "QQ Dance", "QQ Dance 2", and "QQ Dance Mobile Game", with a total cost of 0.825 billion yuan, which includes (i) Cash 0.7425 billion yuan, and (ii) the company will issue and allocate 36,66 shares at a price of 2.432 Hong Kong dollars per share to Hong Kong TENCENT or its designated party.
Express News | China Ruyi - Total Consideration of RMB825 Mln
Express News | China Ruyi - Acquisition of 30% Equity Interest in Target Company
China Ruyi Holdings (HKG:136) Is Looking To Continue Growing Its Returns On Capital
Hong Kong stocks fluctuating | CHINA RUYI (00136) rises over 3% against the market trend, with the box office share of domestic films in 2024 accounting for nearly 80%. The company is involved in several high-quality films.
CHINA RUYI (00136) rises over 3% against the market trend, as of the time of writing, it has increased by 3.67%, priced at 2.54 Hong Kong dollars, with a transaction volume of 36.0124 million Hong Kong dollars.
China Ruyi Holdings Limited's (HKG:136) 29% Jump Shows Its Popularity With Investors
