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China Water Industry Group Limited ( (HK:1129) ) just unveiled an update.
China Water Industry Group Limited is facing a winding-up petition due to a loan default by its subsidiary NCW, which failed to repay a significant outstanding amount. The company has also been accused by bondholders of failing to repay bonds that recently matured. Despite these financial challenges, the board believes it has sufficient resources to settle these debts and is actively working on resolving the disputes with creditors, seeking legal advice, and planning to apply for a court validation order.
The most recent analyst rating on (HK:1129) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Water Industry Group Limited stock, see the HK:1129 Stock Forecast page.
More about China Water Industry Group Limited
Average Trading Volume: 2,476,605
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$227.6M
See more data about 1129 stock on TipRanks’ Stock Analysis page.