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China Water Industry Group Limited ( (HK:1129) ) has issued an update.
China Water Industry Group Limited has observed unusual movements in its share price and trading volume, but the company states that its operations remain normal with no significant changes in its business or financial position. The company is currently negotiating a potential acquisition of a Chinese firm specializing in intellectual property design and application services, though no final agreement has been reached. Stakeholders are advised to exercise caution as the potential memorandum of understanding may or may not proceed.
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 operates in the water industry, focusing on the development and management of water supply and sewage treatment facilities. The company is involved in providing water supply services and wastewater treatment solutions, primarily targeting the Chinese market.
Average Trading Volume: 1,412,250
Technical Sentiment Signal: Sell
Current Market Cap: HK$300.3M
See more insights into 1129 stock on TipRanks’ Stock Analysis page.