Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Water Industry Group Limited ( (HK:1129) ) just unveiled an update.
China Water Industry Group Limited has successfully completed the placing of 57,472,000 new shares under a general mandate, raising approximately HK$12.6 million in net proceeds. The company plans to use the majority of these funds for debt repayment and the remainder for general working capital. This strategic move slightly alters the company’s shareholding structure, with new placees now holding 9.09% of the total shares, while ensuring that no new substantial shareholders emerge.
More about China Water Industry Group Limited
Average Trading Volume: 691,130
Technical Sentiment Signal: Sell
Current Market Cap: HK$139.7M
For an in-depth examination of 1129 stock, go to TipRanks’ Overview page.