China Water Industry Group Limited (HK:1129) has released an update.
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China Water Industry Group Limited has announced an Extraordinary General Meeting scheduled for December 9, 2024, to discuss key resolutions, including a significant share consolidation plan and a rights issue aimed at raising capital. The proposed share consolidation involves merging every ten existing shares into one, while the rights issue entails offering new consolidated shares to existing shareholders. These strategic moves are intended to streamline the company’s share structure and enhance its financial flexibility.
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