Kimou Environmental Announces Strategic Factory Repurchase and Disposal

Kimou Environmental Holding Limited ( (HK:6805) ) has issued an update.

Kimou Environmental Holding Limited announced a transaction involving the repurchase and disposal of a factory and its respective land use rights in Tianjin Bingang Park. This strategic move allows Tianjin Hongyue, an independent third party, to transition from leasing to owning the property, facilitating the application for a subdivision of property certificate. The transaction is expected to result in cost savings related to land appreciation tax and other charges, benefiting the company and its shareholders.

More about Kimou Environmental Holding Limited

Kimou Environmental Holding Limited operates in the environmental services industry, primarily focusing on providing factory premises and centralized wastewater treatment services. The company manages five surface treatment recycling eco-industrial parks across various provinces in China, and its business is divided into rental and facilities usage, wastewater treatment and utilities, and sales of goods and ancillary business.

Average Trading Volume: 212,340

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.09B

Find detailed analytics on 6805 stock on TipRanks’ Stock Analysis page.