Kangda International Environmental (06136.HK): Sells Jiyuan Wastewater Treatment Plant for RMB65 Million
Newtimespace (newtimespace.com) reported: On June 26, 2026, Kangda International Environmental Company Limited (6136.HK) voluntarily announced that on June 24, 2026, Yuchuan Sewage, Chongqing Kangda, Beijing Changsheng Siyuan, and the Jiyuan Municipal Government reached a settlement and entered into an early termination agreement. The parties agreed that upon payment of a total settlement of RMB65.0 million by the Jiyuan Municipal Government to Yuchuan Sewage, Yuchuan Sewage shall transfer the Jiyuan Wastewater Treatment Plant and its fixed assets to the Jiyuan Municipal Government by June 30, 2026. Upon completion, the concession agreement shall be terminated with retrospective effect from June 30, 2025, and the Group shall be released from obligations regarding unpaid fees and related costs as of June 30, 2025.
As of the announcement date, approximately RMB15.8 million of the settlement has been paid. The remaining balance of approximately RMB49.2 million shall be paid in two installments by June 30, 2026, and December 31, 2026, respectively.
The Group is principally engaged in the design, construction, operation, and maintenance of wastewater treatment plants, water supply plants, and sludge treatment plants in China. The Board believes the disposal will save substantial operating expenses, generate immediate cash inflow, and allow resources to be allocated to more profitable concession projects. The proceeds are intended for debt repayment and general working capital.
As all applicable percentage ratios are below 5%, the disposal does not constitute a notifiable transaction under Chapter 14 of the Listing Rules. The Jiyuan Municipal Government is an independent third party, and the disposal does not constitute a connected transaction under Chapter 14A.
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