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The latest update is out from Kangda International Environmental Co Ltd ( (HK:6136) ).
Kangda International Environmental Company Limited has agreed to transfer the concession right, wastewater treatment plant and related assets of its Dongping project company, Dongping Kangda, to Dongping County Taida, which is acting on behalf of the Dongping government, for approximately RMB127.1 million. The transaction, triggered under a concession arrangement originally signed in 2016 and later supplemented in 2020, represents a buyback of the project’s subject assets by the local authorities and is classified under Hong Kong listing rules as a discloseable transaction, signaling a moderate but not transformational adjustment to Kangda’s project portfolio and its long-term cooperation framework with municipal partners.
The most recent analyst rating on (HK:6136) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kangda International Environmental Co Ltd stock, see the HK:6136 Stock Forecast page.
More about Kangda International Environmental Co Ltd
Kangda International Environmental Company Limited is a Cayman Islands-incorporated operator in the environmental protection sector, focusing on wastewater treatment and related municipal environmental infrastructure projects in mainland China. Through project companies such as Dongping Kangda, it secures concession rights from local governments to build, operate and maintain wastewater treatment plants and associated assets.
Average Trading Volume: 2,041,261
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.2B
For a thorough assessment of 6136 stock, go to TipRanks’ Stock Analysis page.