Summary by Moomoo AI
China Water Group Limited ("China Water") announced on November 8, 2024 that its wholly-owned subsidiary Sharp Profit has entered into a placement agreement with a placing agent for the issuance of exchangeable bonds, at a placement price of approximately HK$86.03 million. The placing agent will use best efforts to place the bonds with independent placees, ensuring that the placees are independent of the company and its subsidiaries. The exchange price is HK$1.05 per exchange share, while the current market price of Conda International shares is approximately HK$0.32. The placement is expected to be completed on or before November 15, 2024, and does not constitute a disclosable transaction. China Water reminds shareholders and investors to exercise caution when trading in the company's securities.
