China Water Affairs Group (HK:0855) has released an update.
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China Water Affairs Group Limited has decided to halt the proposed spin-off and separate listing of Silver Dragon Water Supply Group Limited on the Hong Kong Stock Exchange, citing concerns with the current capital market environment and the company’s development strategy. The Board assures that this suspension will not significantly impact the company’s financial health or operations. Shareholders and investors are advised to trade cautiously in light of this update.
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