Hedge Fund Infini Buys Ruyi Shares, Avoids Penalty Deadline
Hedge fund firm Infini Capital Management Ltd. bought additional shares from China Ruyi Holdings Ltd. by a Friday deadline, escaping a HK$320 million ($41 million) penalty.
By Bei Hu, Jeanny Yu · Bloomberg
Hedge fund firm Infini Capital Management Ltd. bought additional shares from China Ruyi Holdings Ltd. by a Friday deadline, escaping a HK$320 million ($41 million) penalty.