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China Water Industry Group Limited ( (HK:1129) ) has shared an update.
China Water Industry Group has provided an update on the winding-up petition it faces in Hong Kong, noting that two previously named supporting creditors, Gao Yuan and Zhao Yuan, are no longer creditors of the company and will not participate in future hearings. However, a new creditor, Wang Qi, holding HK$2 million in unpaid bond principal from a 2018 issuance, has filed a notice to support the petition at a court hearing scheduled for 29 April 2026.
The company emphasized that no winding-up order has yet been granted by the court and said it remains in amicable negotiations with the original petitioner over the outstanding debt. Management stated it will actively pursue settlement plans with all supporting creditors, seek withdrawal of the petition, and continue to update shareholders and investors, who are urged to exercise caution when trading the company’s shares amid the ongoing insolvency risk.
The most recent analyst rating on (HK:1129) stock is a Hold with a HK$0.31 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
China Water Industry Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the water and environmental services sector. The company focuses on investment, construction and operation of water supply and wastewater treatment projects in mainland China, serving municipal and regional markets that rely on long-term infrastructure contracts.
Average Trading Volume: 300,825
Technical Sentiment Signal: Sell
Current Market Cap: HK$256M
For an in-depth examination of 1129 stock, go to TipRanks’ Overview page.