---
title: "China Water Affairs Group Seeks Shareholder Approval for Warrant Placing to Fund Growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286169155.md"
description: "China Water Affairs Group (HK:0855) has announced a special general meeting on June 18, 2026, to seek shareholder approval for a warrant placing agreement with First Shanghai Securities. The plan involves issuing up to 130 million warrants at HK$0.10 each, allowing for the issuance of new shares at HK$7.02 upon exercise. This initiative aims to raise capital for the company's expansion in water services, potentially diluting existing shareholders. The board also seeks authorization for a director to execute necessary documents. The latest analyst rating for the stock is a Buy with a target price of HK$5.30."
datetime: "2026-05-12T23:30:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286169155.md)
  - [en](https://longbridge.com/en/news/286169155.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286169155.md)
---

# China Water Affairs Group Seeks Shareholder Approval for Warrant Placing to Fund Growth

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An announcement from China Water Affairs Group ( (HK:0855) ) is now available.

China Water Affairs Group has called a special general meeting in Hong Kong on 18 June 2026 to seek shareholder approval for a warrant placing agreement with First Shanghai Securities, under which up to 130 million warrants will be issued at HK$0.10 each to at least six placees. The proposal includes a specific mandate to issue up to 130 million new shares at an initial subscription price of HK$7.02 per share upon exercise of the warrants, potentially providing additional capital for the group and modestly diluting existing shareholders while supporting future expansion of its water services business.

The board is also asking shareholders to authorise a director to execute all necessary documents and arrangements to implement the warrant placing and any related transactions. If approved, the financing structure would give the company flexibility to tap equity-linked funding as needed, aligning capital-raising with future growth opportunities and market conditions, and signalling continued engagement with institutional investors through the appointed placing agent.

The most recent analyst rating on (HK:0855) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on China Water Affairs Group stock, see the HK:0855 Stock Forecast page.

**More about China Water Affairs Group**

China Water Affairs Group is a Hong Kong-listed utility company focusing on water supply, wastewater treatment and related infrastructure projects across mainland China. The group operates through various subsidiaries, providing urban water services and investing in long-term municipal water assets in partnership with local governments.

**Average Trading Volume:** 1,593,301

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$8.28B

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