China Water Industry Group’s Rights Issue Faces Under-Subscription

An update from China Water Industry Group Limited ( (HK:1129) ) is now available.

China Water Industry Group Limited announced the results of its Rights Issue, revealing an under-subscription with only 63.07% of the offered shares accepted. The company plans to engage a Placing Agent to sell the remaining unsubscribed shares to independent placees, with any premiums benefiting the original shareholders, although the issue’s success is contingent on meeting certain conditions.

More about China Water Industry Group Limited

China Water Industry Group Limited operates in the water sector, primarily focusing on water supply and sewage treatment services in China.

YTD Price Performance: -22.35%

Average Trading Volume: 129,955

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$209.8M

For a thorough assessment of 1129 stock, go to TipRanks’ Stock Analysis page.