China Water Industry Group Limited has successfully completed the placing of 57,472,000 new shares under a general mandate, raising approximately HK$12.6 million in net proceeds. The company plans to use the majority of these funds for debt repayment and the remainder for general working capital. This strategic move slightly alters the company's shareholding structure, with new placees now holding 9.09% of the total shares, while ensuring that no new substantial shareholders emerge.