China Water (00855) is now up nearly 5%. As of press release, it has risen 4.63% to HK$5.2, with a turnover of HK$10.165,300.
The Zhitong Finance App learned that China Water (00855) is now up nearly 5%. As of press release, it has risen 4.63% to HK$5.2, with a turnover of HK$10.165,300.
According to the news, according to the Stock Exchange's latest equity disclosure data, on February 26, China Water received 180,000 shares from Orix Corporation at an average price of HK$47,443 per share on the market, involving about HK$854,000. On February 29, Orix Corporation increased its holdings of China Water by 14.3 million shares, at a price of HK$5,3099 each, for a total amount of approximately HK$759.316 million. According to reports, ORIX is the company's second-largest shareholder.
Guotai Junan pointed out that the company began expanding its direct drinking water business in 2015. Currently, it is operating more than 3,600 direct piped drinking water projects nationwide, serving about 4.5 million people; along with the improvement of the living standards and consumption capacity of Chinese residents, the market space for piped direct drinking water of more than 10 billion was accelerated; advanced water purification technology+abundant government and customer resources+excellent brand and service capabilities have driven the strong growth of the company's direct drinking water business; the water supply business is operating steadily, and the increase in volume and price is gradually realized.