China Water Industry Group Limited disclosed that on 6 March 2025, it received a Notice of Intention to Appear on Petition from a third supporting creditor with outstanding indebtedness amounting to 2.00 million. The outstanding sum pertains to a bond issued on 15 June 2018. This third supporting creditor intends to appear at the upcoming hearing on 25 March 2026 to support the winding-up petition.
According to the announcement, no winding-up order has been granted as of the latest update. The company continues negotiations with the original petitioner and the supporting creditors to settle the outstanding amounts and aims to resolve the matter, including efforts to seek withdrawal of the petition. Further information will be released should there be any significant developments.