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China Water Affairs Group ( (HK:0855) ) has provided an update.
China Water Affairs Group Limited, along with Mr. Duan Chuan Liang and Sharp Profit Investments Limited, announced the closure of a mandatory unconditional cash offer to acquire shares of Kangda International Environmental Company Limited. The offer resulted in the acquisition of a significant portion of shares and share options, increasing the Joint Offerors’ control to approximately 54.01% of Kangda’s total issued share capital, which could potentially impact the company’s strategic direction and market positioning.
The most recent analyst rating on (HK:0855) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on China Water Affairs Group stock, see the HK:0855 Stock Forecast page.
More about China Water Affairs Group
China Water Affairs Group Limited operates in the environmental services industry, primarily focusing on water supply and sewage treatment services. The company is known for its significant market presence in China, where it provides essential water-related services to various municipalities and industries.
YTD Price Performance: 22.81%
Average Trading Volume: 2,081,582
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$9.96B
Find detailed analytics on 0855 stock on TipRanks’ Stock Analysis page.