Kangda International Offer Concludes With Nearly 65% Stake for Duan, China Water Unit

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Kangda International Offer Concludes With Nearly 65% Stake for Duan, China Water Unit

MT Newswires Live2025-09-23

Kangda International Environmental (HKG:6136) said the mandatory unconditional cash offer by Duan Chuan Liang and Sharp Profit Investments closed on Monday, according to a same-day Hong Kong bourse filing.

Shares of the water infrastructure builder fell nearly 4% in afternoon trade on Tuesday.

Sharp Profit is a wholly owned subsidiary of China Water Affairs Group (HKG:0855).

The joint offerors received valid acceptances for about 335.2 million shares, or 14.5% of Kangda's issued capital, and 44.2 million share options, representing 26.7% of those outstanding.

Together with existing holdings, Duan and Sharp Profit now control about 64.6% of Kangda's issued shares.

The company said its public float remains at 30.3%, meeting Hong Kong listing requirements.

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