Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kangda International Environmental Co Ltd ( (HK:6136) ) has provided an update.
Kangda International Environmental Co Ltd has announced the disposal of its 100% equity interests in Liangshan Kangda Water Co., Ltd. The decision was driven by financial considerations, including the aging of outstanding wastewater treatment fees owed by the Liangshan County Government and the future capital requirements for upgrading wastewater treatment facilities. The disposal is seen as a strategic move to mitigate potential losses and improve the company’s financial position.
More about Kangda International Environmental Co Ltd
Kangda International Environmental Co Ltd is a company incorporated in the Cayman Islands, focusing on environmental services, particularly in wastewater treatment. The company operates primarily in the environmental sector, providing essential services for water management and treatment.
YTD Price Performance: 15.38%
Average Trading Volume: 476,944
Technical Sentiment Signal: Hold
Current Market Cap: HK$802.4M
For a thorough assessment of 6136 stock, go to TipRanks’ Stock Analysis page.