China Water Group Corrects Rights Issue Details

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

China Water Industry Group Limited has announced a correction to their previous announcement, stating the theoretical dilution effect of their proposed rights issue will be approximately 24.72%, rather than the previously stated 21.72%. This adjustment affects the subscription price in the original document but leaves all other information unchanged. The company’s planned actions include a share consolidation, a change in board lot size, and a rights issue in connection to a connected transaction.

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