China Kunda Forms Shenzhen Joint Venture to Enter Electrolysed Water Treatment Market

China Kunda Technology Holdings Limited ( (SG:GU5) ) has provided an update.

China Kunda Technology Holdings Limited has revived its previously approved plan to enter the water treatment sector and will focus on electrolysed functional drinking water and sanitizer products. Its wholly owned subsidiary Kunda Plastic Electronic (Shenzhen) Co., Ltd. has signed a joint venture agreement with Shenzhen Yidaoshun Biotechnology Co., Ltd. to set up a JV company in Shenzhen with a registered capital of RMB 2 million, of which Kunda Shenzhen will hold a controlling 51% stake through a RMB 1.02 million cash contribution. Yidaoshun brings proprietary small-molecule water technology, established brands such as “YIDAOSHUN”, “HUOLIYOUHUO” and “CELLJOY”, and online distribution channels, positioning the JV to leverage both partners’ capital, technology and market access to build a presence in China’s growing functional water and sanitizer market.

The most recent analyst rating on (SG:GU5) stock is a Sell with a S$0.02 price target. To see the full list of analyst forecasts on China Kunda Technology Holdings Limited stock, see the SG:GU5 Stock Forecast page.

More about China Kunda Technology Holdings Limited

China Kunda Technology Holdings Limited, through its subsidiaries, is diversifying into the water treatment industry, focusing on electrolysed water technologies. The group’s new business scope covers research, development and design of electrolysed water treatment systems, manufacture and production of electrolysed water products and related devices, as well as distribution and marketing of these products, primarily targeting functional drinking water and sanitization applications in China.

Average Trading Volume: 553,427

Technical Sentiment Signal: Buy

Current Market Cap: S$7.38M

See more data about GU5 stock on TipRanks’ Stock Analysis page.