** Shares of China Ruyi Holdings 0136.HK 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 0700.HK shares climb 0.6%
** Hang Seng Tech Index .HSTECH falls 1.1% and the Hang Seng Index .HSI slips 0.1%
** Stock down 13.5%, YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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