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China Water Industry Group Limited ( (HK:1129) ) has provided an update.
China Water Industry Group Limited has announced a change in the use of proceeds from its recent rights issue. Initially, the funds were allocated for debt repayment, investment in a biomass gas project, and general working capital. However, due to an increase in outstanding liabilities, the company has decided to redirect the remaining proceeds towards debt repayment. This strategic shift aims to better manage the company’s financial resources and is expected to benefit shareholders without adversely affecting current operations.
More about China Water Industry Group Limited
Average Trading Volume: 124,417
Technical Sentiment Signal: Sell
Current Market Cap: HK$169.5M
Find detailed analytics on 1129 stock on TipRanks’ Stock Analysis page.