China Water Affairs Group Pursues Bond Placing Strategy

China Water Affairs Group (HK:0855) has released an update.

China Water Affairs Group has entered into a placing agreement for its Exchangeable Bonds through its subsidiary Sharp Profit, aiming to raise approximately HK$86,032,000. The placing, conducted with a licensed agent, is set at a discount to enhance its attractiveness despite the current market conditions. Completion is anticipated by November 15, 2024, with the aim of securing independent investors.

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