RUIHE DATA Finalizes Placement of 21.37 Million New Shares

Stock News08-24

RUIHE DATA (03680) has announced the successful completion of its share placement, marking a significant step in its capital-raising efforts.

According to the company's official statement, all conditions precedent under the placement agreement have been duly satisfied. The placement was officially concluded on August 24, 2026, in full compliance with the terms and conditions outlined in the agreement.

The placement involved the issuance of a total of 21.37 million new shares, representing approximately 2.32% of the company's enlarged issued share capital immediately following the completion of the transaction. These shares were distributed among no fewer than six placees, with each share priced at HK$2.030.

The net proceeds from the placement are estimated to amount to approximately HK$42.87 million, providing the company with fresh capital to support its ongoing business initiatives and strategic development plans.

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