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Tibet Water Resources ( (HK:1115) ) has provided an announcement.
Tibet Water Resources Ltd. has announced the proposed issue of 8% convertible bonds amounting to HK$138,000,000, maturing in 2025. The bonds, upon full conversion at a price of HK$0.345, will convert into 400,000,000 shares, affecting the company’s share capital by approximately 8.03%. The company plans to list these conversion shares on the stock exchange and has utilized its general mandate for this issue, demonstrating strategic financial planning to enhance its capital structure and potentially strengthen its market position.
More about Tibet Water Resources
Tibet Water Resources Ltd. is a company incorporated in the Cayman Islands, focusing on the production and distribution of water resources. It operates within the natural resources sector and holds a significant market presence in the water industry.
YTD Price Performance: -1.43%
Average Trading Volume: 2,967,729
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$1.56B
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