China Water Industry Group Limited (HK:1129) has released an update.
China Water Industry Group Limited has received a legal claim regarding its failure to notify and seek consent from Yichun Municipal Development Co., Ltd. before transferring equity interests, potentially impacting the completion of a major disposal transaction. The company is currently consulting legal advisors and asserts that the claim does not materially affect its business operations or financial standing. Shareholders and investors are cautioned to be prudent when dealing with the company’s shares.
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