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Kangda International Updates on Share Allotment Amid Takeover Offer

Story Highlights
  • Kangda International focuses on environmental protection services, particularly water management.
  • The company allotted 45.4 million shares amid a takeover offer, affecting share distribution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kangda International Updates on Share Allotment Amid Takeover Offer

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The latest update is out from Kangda International Environmental Co Ltd ( (HK:6136) ).

Kangda International Environmental Co Ltd has announced an update regarding its securities, following a mandatory unconditional cash offer by the Joint Offerors to acquire all issued shares and cancel outstanding share options. The company has allotted 45,400,000 shares as part of its Share Option Scheme, impacting the company’s share distribution and potentially affecting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:6136) stock is a Buy 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 Co Ltd operates in the environmental sector, focusing on providing environmental protection services. The company is involved in water treatment and management, offering solutions that cater to the growing demand for sustainable environmental practices.

Average Trading Volume: 3,148,125

Technical Sentiment Signal: Buy

Current Market Cap: HK$797.8M

For an in-depth examination of 6136 stock, go to TipRanks’ Overview page.

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