CEB Water (01857) has issued an announcement stating that, in order to optimize the Group's resource allocation and improve operational efficiency and quality, the Company has initiated voluntary liquidation proceedings for its 80%-owned indirect subsidiary E+B Umwelttechnik GmbH, which is incorporated in Germany, and has appointed a liquidator for the relevant proceedings.
The Company expects that the voluntary liquidation of the subsidiary will not have any material impact on the Company's tangible net asset value or earnings per share for the fiscal year ending December 31, 2026.
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