Duan Chuanliang and China Water Affairs (00855.HK) hold over 54% of the shares of Kanda Environmental Protection (06136.HK), triggering a comprehensive cash tender offer.

CapitalVue Financial News App news, Kangda Environmental Protection (06136.HK) and China Water (00855) jointly announced that on July 11, 2025 (after trading hours), bondholder Mr. Duan Chuanliang has delivered an exchange offer notice to Kangda Holdings to exchange for 547 million shares, accounting for approximately 25.55% of the total issued share capital of the company as of the date of this joint announcement, at an exchange price of HK$0.25 per share.