Tibet Water Resources Completes Convertible Bond Issue

Tibet Water Resources (HK:1115) has released an update.

Tibet Water Resources Ltd. has successfully completed the issuance of 10% convertible bonds totaling HK$90,000,000 due in 2024. The proceeds from the bond issue were utilized to offset an equivalent amount of loan, resulting in no cash proceeds for the company. This financial maneuver highlights the company’s strategic financial management without increasing its cash liabilities.

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