Tibet Water Resources (HK:1115) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.