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An announcement from China Water Industry Group Limited ( (HK:1129) ) is now available.
China Water Industry Group Limited is currently facing a winding-up petition filed by International Finance Corporation, with additional support from creditor Zhao Yuan, due to an outstanding bond debt. The company is actively seeking legal advice and negotiating with creditors to resolve the matter and prevent the winding-up. Additionally, the company is dealing with a loan default situation involving its subsidiary, China Water Industry (HK) Limited, which has been demanded to repay an outstanding loan of HK$50 million by Kingston Finance Limited. The company is exploring options to extend the repayment deadline and is seeking professional advice to address these financial challenges.
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
China Water Industry Group Limited, incorporated in the Cayman Islands, operates within the water industry sector. The company, along with its subsidiaries, is involved in the provision of water supply and sewage treatment services, focusing on the development and operation of water-related infrastructure projects.
Average Trading Volume: 2,431,757
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$265.5M
For detailed information about 1129 stock, go to TipRanks’ Stock Analysis page.