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flag China Ruyi Holdings plans to raise up to $500M via convertible bonds for potential acquisitions.

flag China Ruyi Holdings, a streaming media company backed by Tencent, plans to raise up to $500 million through convertible bonds next week. flag The funds may be used for potential acquisitions, though discussions are preliminary. flag This move comes as Chinese firms increase offshore fundraising efforts, buoyed by optimism about Beijing's support for private businesses. flag Bank of America, CLSA, Deutsche Bank, Goldman Sachs, and Macquarie are involved in the bond offering.

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