Kimou Environmental Expands Huadong Park Build-Out with RMB38 Million Construction Contracts

Kimou Environmental Holding Limited ( (HK:6805) ) has provided an announcement.

Kimou Environmental Holding Limited announced that its indirect wholly owned subsidiary Taizhou Jincheng has signed further construction contracts with Guangdong Jinjunda worth a combined RMB38.31 million to provide road hardening, outdoor pipeline works and civil and installation engineering for 21 factory buildings in Zone Three of Huadong Park, forming part of the ongoing build-out and upgrading of the group’s four industrial parks. As these contracts, when aggregated with earlier agreements with the same contractor, exceed the 5% assets ratio threshold but remain below 25%, the transactions are classified as discloseable under Hong Kong Listing Rules, requiring public announcement but not shareholder approval, and underscore the company’s continued capital investment in expanding and readying its park infrastructure for future operations, with staged payment terms and defect liability retention mechanisms to manage construction quality and cash flow.

The most recent analyst rating on (HK:6805) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Kimou Environmental Holding Limited stock, see the HK:6805 Stock Forecast page.

More about Kimou Environmental Holding Limited

Kimou Environmental Holding Limited, incorporated in the Cayman Islands and listed in Hong Kong, develops and operates specialized industrial parks, including four parks under construction and upgrading, and engages contractors for large-scale civil, infrastructure and factory-building works to support its industrial and environmental operations in Mainland China.

Average Trading Volume: 66,244

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.7B

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