Tibet Water Resources Issues HK$165 Million Convertible Bonds

MT Newswires Live

2024/12/13

Tibet Water Resources (HKG:1115) issued 8% convertible bonds worth HK$165 million, maturing in 2026, according to a Friday filing with the Hong Kong bourse.

Upon full conversion at an initial price of HK$0.33, the bonds will convert into 500 million shares, representing 10.92% of the current share capital.

The shares will be issued under a general mandate granted in June 2024, requiring no additional shareholder approval.

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