HK Stock Market Move | WATER INDUSTRY (01129) rose more than 37% during the day, with a cumulative increase of 2.6 times this month. The announcement stated the potential acquisition of intellectual property development business.

WATER INDUSTRY (01129) rose by over 37% in midday trading, with a cumulative increase of over 260% for the month. As of the time of this report, it has increased by 15.91%, to 1.02 Hong Kong dollars, with a transaction value of 115.179 million Hong Kong dollars. On the news front, WATER INDUSTRY has been on a continuous uptrend recently. The company announced that the board has been informed of the increase in the price and trading volume of the company's shares on September 15, 2025. After conducting a reasonable inquiry into the relevant circumstances, the board confirmed that, apart from the disclosures in the announcement, they are not aware of any reasons leading to fluctuations in the stock price and trading volume, nor are there any materials that need to be disclosed to avoid false market information about the company's securities or any insider information as required under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The board also confirmed that the group's business operations remain normal, and there have been no significant changes in the group's business operations and financial condition as of the announcement date. The announcement stated that the company is currently in negotiations with an independent third party to potentially enter into a memorandum of understanding, which involves the possible acquisition of a company established in the People's Republic of China primarily engaged in the design and development of intellectual property, the provision of application services, and the provision of related training courses. As of the date of this announcement, the negotiations are still ongoing, the terms and conditions of the potential memorandum of understanding have not been finalized, and no agreement has been reached on the potential memorandum of understanding yet.