China Water Industry Group Limited (HK:1129) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Water Industry Group Limited has announced the termination of the previously planned disposal of Onfar International Limited, as the buyer did not fulfill or waive the payment conditions by the deadline. The agreement, which involved the sale of equity interests for RMB 270 million, will result in the full refund of the RMB 54 million deposit to the purchaser. The board of the company believes this termination will not negatively impact its current business operations.
For further insights into HK:1129 stock, check out TipRanks’ Stock Analysis page.