Taizhou Water Group Co., Ltd. Class H (HK:1542) has released an update.
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Taizhou Water Group Co., Ltd. plans to issue renewable corporate bonds worth up to RMB400 million in the PRC to boost its financing capabilities and optimize its capital structure. The bonds will be offered to professional institutional investors with a fixed interest rate and listed on the Shanghai Stock Exchange. Proceeds will be used to replenish working capital or repay debts.
For further insights into HK:1542 stock, check out TipRanks’ Stock Analysis page.