Tibet Water Resources completes HK$297m convertible bond placement

Tibet Water Resources Ltd. announced the completion of its convertible bond placement under a general mandate on October 17, 2025. The company successfully placed bonds totaling HK$297,000,000 to at least six independent third-party placees.

The gross proceeds from the placing amounted to HK$297,000,000, with net proceeds reaching approximately HK$295,000,000 after deducting commissions and expenses. The net proceeds will be split evenly, with approximately HK$147,500,000 allocated to refinancing existing bonds and HK$147,500,000 for the group's general working capital.

Planned uses for the general working capital include increasing inventory levels, small-scale optimization projects, major plant maintenance, settlement of existing bond interests, and other working capital needs. The maturity dates for existing bonds A and B are December 9, 2025, and December 1, 2025, respectively.