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Taizhou Water Group to Issue RMB400 Million Bonds
TAIZHOU WATER (01542.HK) recommends issuing perpetual corporate Bonds in China.
On December 27, Gelonghui reported that TAIZHOU WATER (01542.HK) announced that in order to enhance the financial strength of the company, optimize its capital structure, and reduce financial costs, on December 27, 2024, the Board of Directors has resolved to present the shareholders for review and approval (1) the proposal to issue perpetual CSI Enterprise bonds in China, and (2) the proposal to authorize the Board of Directors or executive directors to handle matters related to the issuance of perpetual CSI Enterprise bonds in China. The issuance scale of the perpetual CSI Enterprise bonds shall not exceed 400 million yuan (including 400 million yuan), issued in one lump sum or in installments.
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