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China Water Affairs Group ( (HK:0855) ) has issued an update.
China Water Affairs Group, through its subsidiary Sharp Profit Investments Limited, is involved in a mandatory unconditional cash offer to acquire all issued shares of Kangda International Environmental Company Limited. This move follows Mr. Duan Chuan Liang’s exchange of bonds for a significant shareholding in Kangda, triggering the takeover code requirement for a cash offer. The offer price is set at HK$0.348 per share, which is higher than the previous exchange price, reflecting the company’s strategic effort to consolidate its stake in Kangda and potentially strengthen its market position.
The most recent analyst rating on (HK:0855) stock is a Buy with a HK$6.20 price target. To see the full list of analyst forecasts on China Water Affairs Group stock, see the HK:0855 Stock Forecast page.
More about China Water Affairs Group
YTD Price Performance: 28.65%
Average Trading Volume: 2,264,090
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$10.43B
For a thorough assessment of 0855 stock, go to TipRanks’ Stock Analysis page.