** Shares of China Ruyi Holdings HKEX:136 fall 11.3% to HK$2.05, their lowest levels since April 7
** Stock on course to snap three straight sessions of gains, if losses hold
** The Tencent-backed content producer and on-line streaming platform operator said on Tuesday that it proposed to issue HK$2.34 billion ($301.74 million) 3.95% convertible bonds due 2030, raising proceeds to expand its content production and for working capital
** The bonds are convertible into 865.75 mln new shares, representing 5.28% of the enlarged share capital, at an initial conversion price of HK$2.704 per share
** Tencent HKEX:700 shares climb 0.6%
** Hang Seng Tech Index HSI:HSTECH falls 1.1% and the Hang Seng Index HSI:HSI slips 0.1%
** Stock down 13.5%, YTD