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China Water Creditor to Appear in Winding-up Petition Hearing

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China Water Industry Group (HKG:1129) said a creditor filed their intention to appear before the Hong Kong High Court in support of a winding-up petition against the water supply company, according to a Hong Kong bourse filing Thursday.

The company's shares fell over 1% in morning trade Friday.

According to the filing, Shao Bin plans to appear on the hearing of the winding-up petition on May 27. The creditor is owed HK$2 million, being the principal amount of a bond issued by China Water in November 2018.

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