China Ruyi, backed by Tencent, plans to raise $500 million in bonds for acquisitions

From Yahoo Finance: 2025-04-03 02:55:00

China Ruyi Holdings, backed by Tencent, plans to raise up to $500 million in convertible bonds for potential acquisitions. The offering could launch as early as Monday. Bank of America, CLSA, Deutsche Bank, Goldman Sachs, and Macquarie are involved. Chinese firms are increasing offshore fundraising amid hopes of Beijing’s support. Trump’s new tariffs may impact fundraising momentum. Chinese equity capital markets raised $24 billion in Q1, a 200% increase from last year. Ruyi, with Tencent as a major shareholder, focuses on streaming, film production, and gaming. It reported 3.7 billion yuan revenue for 2024.



Read more at Yahoo Finance: Tencent-backed China Ruyi aims to raise up to $500 million in convertible bonds, sources say