Tibet Water Resources (HK:1115) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Tibet Water Resources Ltd. has announced plans to issue 8% convertible bonds totaling HK$165,000,000, which will be convertible into shares representing about 10.92% of its current share capital. This strategic move, aimed at raising capital, does not require shareholder approval as it falls within the company’s existing general mandate. Investors are advised to proceed with caution due to the potential uncertainties in meeting the conditions for completion.
For further insights into HK:1115 stock, check out TipRanks’ Stock Analysis page.