China Water Affairs Renews Connected Supply Deal With Water Technology JV

An update from China Water Affairs Group ( (HK:0855) ) is now available.

China Water Affairs Group has renewed its arrangements for sourcing water-related equipment and services from a key joint venture subsidiary, as Silver Dragon and the JV Company signed a new framework agreement. The JV Company, backed by partners including Toray Industries and ORIX China, will continue supplying pipeline direct drinking and water purification products to the group for three years from 1 April 2026.

Because ORIX Corporation is a substantial shareholder in China Water Affairs Group and holds an indirect stake in the JV Company, the renewed supply arrangement is classified as a continuing connected transaction under Hong Kong listing rules. With the relevant percentage ratios below 5%, the deal requires public reporting and announcement but is exempt from circular, independent advice and shareholder approval, streamlining compliance for the company while maintaining disclosure obligations.

The most recent analyst rating on (HK:0855) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on China Water Affairs Group stock, see the HK:0855 Stock Forecast page.

More about China Water Affairs Group

China Water Affairs Group operates through subsidiaries including Silver Dragon and a non-wholly owned joint venture focused on water-related technology and equipment. The JV Company specializes in research, development, production and sale of pipeline direct drinking equipment, water purification systems, water treatment engineering and automation, and intelligent water and Internet of Things software.

YTD Price Performance: 5.77%

Average Trading Volume: 1,741,685

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.98B

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