China Water Industry Group Limited has successfully completed a private placement of new shares under a general mandate. The placement involved 57,472,000 new shares being sold at a price of HK$0.228 per share. This transaction was facilitated by the company's placing agent, resulting in a total of six or more placees acquiring the shares. The completion of this placement has altered the company's shareholding structure, with Step Wide Investment Limited, controlled by Mrs. Chu Yuet Wah, remaining the substantial shareholder with 22.39% of shares. The total number of shares has increased to 632,193,928, with the placees now holding 9.09% of the total shares.
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