Kingland Group Acquires Engineering Firm

MT Newswires Live

01/07

Kingland Group (HKG:1751) acquired Guangdong Fengxin Water Conservancy and Hydropower Engineering, according to a Hong Kong bourse filing Tuesday.

Shares of the concrete demolition service provider gained nearly 3% in morning trade Wednesday.

The target is an engineering firm in China.

Kingland did not disclose the financial terms of the purchase.

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