China Water Industry Plans HK$278 Million Convertible Bond Issue

China Water Industry Group Limited ( (HK:1129) ) just unveiled an update.

China Water Industry Group Limited has entered into a subscription agreement with five investors to issue convertible bonds with an aggregate principal amount of up to HK$278.25 million, equivalent to about RMB250 million. The bonds, to be issued in five tranches, carry an initial conversion price of HK$0.308 per share, implying up to 903,409,090 new shares, subject to shareholder approval under a specific mandate.

If fully converted, the new shares would represent about 142.90% of the current issued share capital and roughly 58.83% of the enlarged share capital, significantly diluting existing holdings but potentially strengthening the company’s capital base. The deal remains conditional on regulatory and shareholder approvals at an extraordinary general meeting, and investors are cautioned that the transaction may or may not proceed as planned.

The most recent analyst rating on (HK:1129) stock is a Hold with a HK$0.31 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 is a Hong Kong-listed company engaged in the water-related infrastructure and public utilities sector. The group typically focuses on investment, construction and operation of water supply, sewage treatment and related environmental protection services in mainland China, aiming to support urbanization and sustainable resource management.

Average Trading Volume: 1,156,715

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$189.7M

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