# Kangda Environmental Protection acquires Shandong Fengmin Water for 32.3 million yuan

Kangda Environmental Protection (06136) announced that its wholly-owned subsidiary Chongqing Kangda Environmental Protection Industry (Group) Co., Ltd. has signed an agreement to acquire 100% equity of Shandong Fengmin Water for at least 32.3 million yuan, expanding its water business in Shandong province.

- Type: Acquisition
- Announced: 2017-03-21
- Where: Shandong, China
- Value: $4.70M (32.3M CNY)
- Status: announced
- Products: water supply and pipeline projects
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Kangda Environmental Protection](https://endata.com/companies/22971.md) (acquirer)
- [Chongqing Kangda Environmental Protection Industry (Group) Co., Ltd.](https://endata.com/companies/22972.md) (acquirer)
- [Shandong Fengmin Water](https://endata.com/companies/22973.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/48053.html), 2017-03-21: "康达集团以总代价不少于3230万元收购山东丰民水务100%股权。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.