Reported 1 day ago
Tencent-backed streaming media firm China Ruyi Holdings plans to raise between $300 million and $500 million in convertible bonds, with the potential launch as early as Monday. The funds may be used for a possible acquisition, although discussions are still in early stages. Ruyi has reported a revenue increase in 2024 and is part of a broader trend among Chinese companies to raise capital amid improving investor sentiment.
Source: YAHOO