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Kangda International Environmental Co Ltd ( (HK:6136) ) has provided an announcement.
Kangda International Environmental Co Ltd has announced a mandatory unconditional cash offer by First Shanghai Securities Limited on behalf of the joint offerors, Mr. Duan and Sharp Profit Investments Limited, to acquire all issued shares and cancel outstanding share options of the company. This move follows Mr. Duan’s exchange of bonds for a significant shareholding, resulting in a requirement to make a cash offer under the Takeovers Code. The offer price is set at HK$0.348 per share, reflecting the volume-weighted average traded price, and is higher than the previous exchange price. This development could impact the company’s shareholder structure and market positioning.
More about Kangda International Environmental Co Ltd
Kangda International Environmental Co Ltd operates in the environmental protection industry, focusing on providing water treatment services and solutions. The company is involved in the development and operation of wastewater treatment plants and other related infrastructure projects, primarily serving urban and industrial sectors.
YTD Price Performance: 4.62%
Average Trading Volume: 952,408
Technical Sentiment Signal: Buy
Current Market Cap: HK$727.5M
For a thorough assessment of 6136 stock, go to TipRanks’ Stock Analysis page.