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Tibet Water Resources ( (HK:1115) ) just unveiled an announcement.
Tibet Water Resources Ltd. has entered into a Placing Agreement with a Placing Agent to issue convertible bonds worth up to HK$297,000,000. These bonds, convertible at an initial price of HK$0.55, could potentially increase the company’s share capital by approximately 10.30%. The issuance is under a general mandate, not requiring further shareholder approval, and the company will seek listing approval for the conversion shares on the Stock Exchange.
The most recent analyst rating on (HK:1115) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tibet Water Resources stock, see the HK:1115 Stock Forecast page.
More about Tibet Water Resources
Tibet Water Resources Ltd. is a company incorporated in the Cayman Islands, primarily involved in the issuance and management of convertible bonds. The company operates within the financial sector, focusing on leveraging general mandates to facilitate the issuance of shares and bonds.
Average Trading Volume: 11,271,379
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.36B
For a thorough assessment of 1115 stock, go to TipRanks’ Stock Analysis page.