China Water Industry (HKG:1129) plans to consolidate its 10 shares at HK$0.01 each to one share at HK$0.10 apiece, according to a Friday filing with the Hong Kong Stock Exchange.

It also plans to consolidate 10 existing preference shares valued at HK$0.10 each to one consolidated preference share at HK$1 each, the filing said.

Once the share consolidation takes effect, the authorized capital will remain at HK$2.20 billion, of which HK$2 billion will be divided into 20 billion consolidated shares at HK$0.10 apiece, and HK$200 million will be divided into 200 million consolidated preference shares at HK$1 each, the filing said.

Price (HKD): $0.09, Change: $-0.0010, Percent Change: -1.12%