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Kangda International Environmental Co Ltd ( (HK:6136) ) has shared an announcement.
Kangda HK, a wholly owned subsidiary of Kangda International Environmental, has renewed its construction services arrangement with Jiangxi Silver Dragon, a non-wholly owned subsidiary of China Water Affairs Group, for a new three-year term from 1 January 2026 to 31 December 2028. The renewed Construction Services Agreement formalizes ongoing connected transactions between the related parties under Hong Kong Listing Rules, with transaction size ratios exceeding 0.1% but remaining below 5%, meaning they are subject to reporting, annual review and announcement requirements, while being exempt from independent shareholders’ approval for both CWA and Kangda, thereby providing continuity of construction service revenues and clarity on compliance obligations without triggering more onerous approval processes.
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 operates in the environmental services and infrastructure sector, primarily through subsidiaries such as Kangda HK, providing construction-related services. Its activities are closely tied to China Water Affairs Group Limited (CWA) and affiliated entities, reflecting a focus on water and environmental projects within mainland China and the broader region.
YTD Price Performance: 40.0%
Average Trading Volume: 2,665,940
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.05B
For an in-depth examination of 6136 stock, go to TipRanks’ Overview page.