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China Water Industry Group Limited ( (HK:1129) ) has issued an announcement.
China Water Industry Group Limited has updated investors on the winding-up petition it faces, noting that three previously named supporting creditors are no longer creditors of the company and will not participate in future hearings. However, a new supporting creditor, Shao Bin, has emerged with a claim of HK$2 million linked to a 2018 bond, and intends to support the petition at a court hearing scheduled for 27 May 2026.
The company emphasized that no winding-up order has yet been granted by the court and said it is in ongoing negotiations with the original petitioner over the outstanding debt. Management pledged to seek amicable settlements with all supporting creditors, work toward withdrawal of the petition, and keep shareholders and investors informed, while cautioning market participants to exercise care when trading its shares.
More about China Water Industry Group Limited
China Water Industry Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, engaged in the water-related utilities and infrastructure sector. The group focuses on investment, construction, and operation of water supply and wastewater treatment projects, serving municipal and regional markets in mainland China.
Average Trading Volume: 233,405
Technical Sentiment Signal: Sell
Current Market Cap: HK$183.3M
For detailed information about 1129 stock, go to TipRanks’ Stock Analysis page.