China Water Industry Group faces winding-up petition over significant debt

China Water Industry Group Limited disclosed a winding-up petition filed by International Finance Corporation on November 17, 2025, at the High Court of Hong Kong. The petition seeks to wind up the company under the Companies (Winding Up and Miscellaneous Provisions) Ordinance, with the hearing scheduled for January 21, 2026.

The petition relates to an outstanding principal amount of RMB216,602,900, plus accrued interest. This debt stems from a loan agreement dated May 20, 2022, between New China Water (Nanjing) Renewable Resources Investment Co., Ltd., an indirect non wholly-owned subsidiary, and the petitioner, as well as a guarantee provided by China Water Industry Group. The company is currently seeking legal advice to protect its interests and shareholders.

Shareholders and potential investors are cautioned, as any share transfers made after November 17, 2025, could be void if the company is ultimately wound up without a validation order. The Hong Kong Securities Clearing Company Limited (HKSCC) may also temporarily suspend services related to the company's shares.