Tibet Water Resources Plans Convertible Bond Issue

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

Tibet Water Resources Ltd. has announced a proposed issue of 10% convertible bonds with a total principal amount of HK$90 million, due in 2024. The bonds, once fully converted, could represent about 6.15% of the enlarged share capital. Investors are cautioned as the completion of the bond issue depends on certain conditions that may or may not be met.

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