Hong Kong-listed China Ruyi slips on discounted share sale

About this update from China Ruyi Holdings Limited

** Shares of China Ruyi Holdings HKEX:136 slip 1.6% to HK$3.09, on course for a third consecutive session of fall** Chinese content production and online gaming services group plans sale of 1.3 bln shares, or 7.5% of the enlarged share capital, raising HK$3.9 bln ($496.85 mln) for business expansion, strategic investments and acquisitions, among others** Co, with a market value of $6.38 bln, says the new shares will be sold to Infini Capital Management at HK$3 apiece, a 4.46% discount to Thursday's close of HK$3.14** The Hang Seng Composite Index on information technology firms (.HSCIIT) eases 0.5%, the benchmark Hang Seng Index HSI:HSI slips 0.1%** YTD, stock up 27.8% ($1 = 7.8495 Hong Kong dollars)

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