HK Stock Market Move | WATER INDUSTRY (01129) surged more than 25%, the company is conducting potential acquisition negotiations involving intellectual property business.

WATER INDUSTRY (01129) soared more than 25%, rising 28.99% to HKD 0.89 by the time of publication, with a turnover of HKD 5.734 million. On the news front, on September 15th, WATER INDUSTRY issued an announcement regarding the fluctuation of its stock price and trading volume. The company is currently in negotiations with an independent third party to potentially enter into a memorandum of understanding, which involves the potential acquisition of a company established in the People's Republic of China that is mainly engaged in the design and development of intellectual property, providing application services, and offering related training courses. As of the date of this announcement, negotiations are still ongoing, and the relevant terms and conditions of the potential memorandum of understanding have not yet been finalized. No agreement has been reached on the potential memorandum of understanding.