# China Water Affairs acquires 29.52% stake in Kangda International Environmental for HKD 1.2B

China Water Affairs Group, through its wholly-owned subsidiary Sharp Profit Investments Limited, agreed on April 3, 2019 to acquire a 29.52% stake in Kangda International Environmental (Kangda Environmental) from Kangda Holdings and Zhao Sizhen for a total consideration of HKD 1.2 billion.

- Type: Acquisition
- Announced: 2019-04-03
- Where: China
- Value: $153.0M (1.20B HKD)
- Status: announced
- Products: water supply and sewage treatment services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Kangda Environmental Protection](https://endata.com/companies/22971.md) (target)
- [China Water Affairs Group](https://endata.com/companies/32771.md) (acquirer)
- [Kangda International Environmental](https://endata.com/companies/38480.md) (target)
- [Kangda Holdings](https://endata.com/companies/38481.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/195074.html), 2019-04-03: "此次收购事项如获付诸实行，会为集团带来大好机会，可扩展其核心业务供水及污水处理能力及扩大地域覆盖"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/195102.html), 2019-04-03: "2019年4月3日，公司控股股东康达控股拟向Sharp Profit出售6亿股公司股份，占公司已发行股本约29.52%，代价为12亿港元，出售事项将于2019年4月4日完成。"

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