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Yunnan Water's Strategic Perpetual Securities Agreement
YUNNAN WATER (06839.HK): Kanglv Group and Eco-friendly Concept Group plan to convert their respective ordinary debts in the company into perpetual debts.
On December 31, GELONGHUY announced that YUNNAN WATER (06839.HK) entered into a perpetual bond agreement with the company's controlling shareholders (Kanglv Group and Eco-friendly Concept Group) on December 31, 2024. Accordingly, Kanglv Group and Eco-friendly Concept Group agreed to convert their respective ordinary debts owed by the company into perpetual bonds. The agreement with the controlling shareholders is beneficial for improving the company's capital structure, reducing the asset-liability ratio, and enhancing resilience against risks and financial stability. The Board of Directors believes that the perpetual bond agreement and the proposed Trade under it align with the overall interests of the company and its Shareholders.
Express News | Five consecutive boards of zhejiang qianjiang biochemical: The shares held by the shareholder yunnan water have been fully judicially frozen and partially conditionally frozen due to contract disputes involving its subsidiary.
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