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 clarified details regarding its proposed rights issue, which offers one rights share for every consolidated share held. The company has acknowledged a clerical error in a previous announcement and stated that no controlling shareholders exist, requiring certain directors to abstain from voting on the proposal. The rights issue remains subject to approval by independent shareholders.
For further insights into HK:1129 stock, check out TipRanks’ Stock Analysis page.