China Water Industry Seeks HK$13 Million from Share Placement

MT Newswires Live

06/06

China Water Industry (HKG:1129) is targeting to raise HK$13.1 million through the private placement of 57.4 million shares at HK$0.228 apiece, a Thursday Hong Kong bourse filing stated.

The shares represent around 9.09% of the water supply company's enlarged issued share capital.

Deal proceeds will be used for debt payments and working capital.

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