China Water Group Advances Major Equity Disposal

China Water Industry Group Limited (HK:1129) has released an update.

China Water Industry Group Limited has announced the successful discharge of the Property Attachment for the sale of a 51% equity stake in Yichun Water Industry Group Co., Limited. With the court’s approval, the company will now proceed with the disposal according to the Equity Transfer Agreement’s terms. Shareholders and potential investors are cautioned to exercise prudence when dealing in company shares, as the disposal’s completion is still subject to various procedural approvals.

For further insights into HK:1129 stock, check out TipRanks’ Stock Analysis page.