Core Viewpoint - China Ruyi (00136) experienced a decline of over 3% in its stock price, trading at HKD 3.02, following the announcement of a subscription agreement with a subscriber, Wujie Capital Management Limited, for the issuance of 1.3 billion shares at a subscription price of HKD 3.00 per share, representing a discount of approximately 4.46% from the last closing price of HKD 3.14 on July 31, 2025 [1][2] Group 1 - The company announced a subscription agreement with Wujie Capital Management Limited, which conditionally agreed to subscribe for 1.3 billion shares at a price of HKD 3.00 per share [1] - The subscription shares represent approximately 7.51% of the company's enlarged issued share capital, assuming no other changes in the issued share capital from the announcement date until completion [1] - The stock price decline of 3.51% reflects market reaction to the dilution effect of the new share issuance [1] Group 2 - The net proceeds from the subscription are expected to be approximately HKD 38.95 billion after deducting related fees and expenses [2] - The company plans to allocate the net proceeds as follows: 20% for business growth and expansion, 60% for strategic investments and acquisitions, and 20% for general working capital purposes [2] - The general working capital will primarily cover advertising and promotional expenses, employee costs, technology and development services, and rental costs [2]
中国儒意午前跌超3% 拟折让约4.46%发行合共13亿认购股份 筹资用于战略投资等