Core Viewpoint - China Water Industry Group (01129) has announced a conditional agreement to issue convertible bonds totaling HKD 278 million (approximately RMB 250 million) to several subscribers, with the proceeds intended for debt repayment [1] Group 1: Convertible Bonds Issuance - The company has entered into a subscription agreement with several parties, including Huaniu International Limited and Digital Advisors Limited, for the issuance of convertible bonds [1] - The initial conversion price is set at HKD 0.308 per share, which could lead to the issuance of up to 903 million shares upon full conversion, representing approximately 142.90% of the current issued share capital [1] - The estimated net proceeds from the bond issuance, after deducting related expenses, will be approximately HKD 278 million, which will be used to repay IFC debt and other liabilities [1] Group 2: Share Capital Impact - Upon full conversion of the bonds, the expanded issued share capital will increase by approximately 58.83%, assuming no changes in the company's issued capital from the announcement date until conversion [1] - The net price per share for the convertible bonds is approximately HKD 0.307, calculated by dividing the total net proceeds by the maximum number of shares to be issued [1]
中国水业集团拟发行本金总额为2.78亿港元的可换股债券