HK Stock Market Move | CHINA RUYI (00136) rose more than 5% in the afternoon, with the company recently being targeted for a stake by Sunshine Life. Wanda Film Holding announced it would increase the screening of "Nezha 2" in Australia.

CHINA RUYI (00136) rose more than 5% in the afternoon, with a gain of 4.82% at the time of writing, to 2.39 Hong Kong dollars, with a turnover of 50.4936 million Hong Kong dollars. On the news front, CHINA RUYI recently announced plans to issue subscription shares and place new shares, raising a total of approximately 3.875 billion Hong Kong dollars. Among them, Sunshine Life plans to subscribe for 654 million shares, with a contribution of approximately 1.55 billion Hong Kong dollars. After this transaction, Sunshine Life will hold a total of 1.142 billion ordinary shares of CHINA RUYI, accounting for 7.15% of the enlarged total share capital of the listed company, triggering a mandatory takeover offer. In addition, according to data from the Beacon platform, the cumulative box office of "Nezha 2" in Hong Kong, Macau, Taiwan, and overseas has reached nearly 27 million US dollars (nearly 200 million RMB), with a total box office of 14.3 billion RMB, ranking seventh in the global box office history. On March 4, Wanda Film Holding stated that its Australian cinema chain HOYTS had increased the screening of "Nezha 2". It is reported that CHINA RUYI invested in Wanda Film Holding in 2023, and the two sides will strengthen business cooperation in the future.