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China Water (00855.HK) plans to issue 86.032 million Hong Kong dollars convertible bonds.
Gelonghui November 8th, China Water (00855.HK) announced that on November 8, 2024, its wholly-owned subsidiary Sharp Profit (i.e. convertible bond holders) entered into a placement agreement with a placing agent ("placing agent", which is a licensed corporation regulated under Chapter 571 of the Securities and Futures Ordinance of Hong Kong to engage in regulated activities of type 1 (securities trading), type 4 (providing advice on securities) and type 6 (providing advice on institutional financing)), regarding the placing agent's best efforts in placing convertible bonds to an independent underwriter ("underwriter"), for all convert
China Water (00855.HK) held a board of directors meeting on November 29 to approve the mid-term performance.
Gelonghui, November 7th: China Water (00855.HK) announced that the board of directors will hold a meeting on Friday, November 29, 2024, to discuss approving the mid-term performance and announcement of the company and its subsidiaries for the six months ending on September 30, 2024, as well as considering the payment of interim dividends (if any).
CHINA WATER: DATE OF BOARD MEETING
Express News | China water, qianjiang water resources development jointly hosted the National Rural Drinking Water Quality Improvement Technology Training and Exchange Conference.
[Brokerage Focus] gtja maintains a "shareholding" rating for china water (00855), highlighting the important contribution of the pipeline direct drinking water business to performance growth.
Jingu Finance News | Gtja issued research reports stating that the decline in installation, maintenance, and construction business of China Water (00855) will impact the company's FY2024 performance. 1) In FY2024, the company achieved a revenue of 12.859 billion Hong Kong dollars, a year-on-year decrease of 9%; net income attributable was 1.534 billion Hong Kong dollars, a year-on-year decrease of 17%. 2) The company continues to drive its global strategy of dual-wheel drive for water supply + direct drinking water pipelines, with the main reason for the profit decline being the decline in installation, maintenance, and construction projects of urban water supply and eco-friendly businesses, as well as the devaluation of the Chinese yuan. 3) In terms of urban water supply business, the company achieved a revenue of 8.276 billion Hong Kong dollars, a year-on-year decrease of 5%;
China Water (0855.HK): Rapid development of pipeline direct drinking water business.
This report summary: The decline in installation, maintenance, and construction business affects the company's FY2024 performance, while the pipeline direct drinking water business is growing rapidly. Investment highlights: Maintain a "shareholding" rating. According to financial report data, we are lowering the company's FY2025-2.
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