TAIZHOU WATER (01542) Proposes Private Placement of Debt Financing Instruments

Stock News
Dec 07

TAIZHOU WATER (01542) announced plans to optimize its capital structure, reduce financial costs, and enhance overall competitiveness by issuing debt financing instruments through private placement. The proposal was approved by shareholders via a special resolution at an extraordinary general meeting held on December 23, 2022.

In June 2023, the National Association of Financial Market Institutional Investors (NAFMII) approved the company's 2022 private placement debt financing program, with a registered principal amount not exceeding RMB 1 billion. As of the announcement date, the group has issued three tranches (each amounting to RMB 150 million) of private placement debt financing instruments, with one remaining tranche set to mature on January 7, 2026.

Given that NAFMII and shareholder approvals for the private placement debt financing instruments will expire in June 2025, the board resolved on December 5, 2025, to seek renewed shareholder approval. The proposal aims to ensure smooth financing channels and meet business development funding needs.

Subject to compliance with the company's articles of association, China's Company Law, Securities Law, and other relevant regulations, TAIZHOU WATER intends to reapply for a debt financing instrument quota (up to RMB 1 billion) under NAFMII and proceed with the issuance of the 2025 private placement debt financing instruments based on business and financial requirements.

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