Water Industry (01129.HK) announced a proposed 10-for-1 stock split, followed by a one-for-one issuance of up to 0.287 billion shares; the offer price is 0.45 yuan, representing a 49.44% discount from the theoretical closing price on the previous trading day (4th). The estimated net proceeds are 0.125 billion yuan, of which 95 million are intended for debt repayment; the remaining balance will be used for investment in biogas projects and general operating funds.