---
title: "China Water Industry Plans HK$278 Million Convertible Bond Issue"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276058842.md"
description: "China Water Industry Group Limited (HK:1129) plans to issue convertible bonds worth up to HK$278.25 million, subject to shareholder approval. The bonds will be issued in five tranches with an initial conversion price of HK$0.308 per share, potentially leading to significant dilution of existing shares. The deal is contingent on regulatory and shareholder approvals. The latest analyst rating for the stock is a Hold with a price target of HK$0.31. The company focuses on water-related infrastructure and public utilities in mainland China."
datetime: "2026-02-16T13:07:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276058842.md)
  - [en](https://longbridge.com/en/news/276058842.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276058842.md)
---

# China Water Industry Plans HK$278 Million Convertible Bond Issue

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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

For an in-depth examination of 1129 stock, go to TipRanks’ Overview page.

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