** 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))