A Hong Kong court has approved an application by Yichun Municipal Development, which is buying a 51% stake in water firm Yichun Water Industry Group from a unit of China Water Industry Group (HKG:1129), to discharge the related property attachment, a Monday bourse filing said.
Onfar International, a unit of the water supply company, had agreed to sell the stake in the target company to Yichun Municipal Development for 195 million yuan in July.
Shares of the company were down 1% in recent trade.
Price (HKD): $0.10, Change: $-0.0010, Percent Change: -1.02%
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