China Water Affairs Group Ltd. has announced its intention to acquire all the issued shares of Kangda International Environmental Company Limited through a mandatory unconditional cash offer. The offer, facilitated by First Shanghai Securities Limited on behalf of the joint offerors, includes the cancellation of all outstanding share options of Kangda. Mr. Duan, founder of the water business of the CWA Group, and Sharp Profit, an investment holding company wholly-owned by CWA, are leading the joint offer. The transaction underscores CWA's commitment to expanding its presence in the environmental sector, as it continues to engage in city water supply and environmental protection businesses.
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