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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Kangda International Environmentl Co Ltd    6136   KYG521541048

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Kangda International Environmentl : 【2017-11-10】Next Day Disclosure Returns - NEXT DAY DISCLOSURE RETURN

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11/10/2017 | 03:24pm CET

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

KANGDA INTERNATIONAL ENVIRONMENTAL COMPANY LIMITED

有 限

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 6136)

VOLUNTARY ANNOUNCEMENT ON-MARKET SHARE REPURCHASE

UNDER THE REPURCHASE MANDATE

This is a voluntary announcement made by Kangda International Environmental Company Limited (the ''Company''). Reference is made to the announcement of the Company dated 13 October 2017 in relation to the intention to conduct on-market share repurchase(s) under the Repurchase Mandate (the ''Announcement''). Unless the context otherwise requires, the capitalised terms used herein shall have the same meanings as those defined in the Announcement.

The Board hereby announces that on 10 November 2017, pursuant to the Repurchase Mandate, the Company purchased 500,000 ordinary shares of the Company at the highest and lowest prices of HK$1.91 and HK$1.87 per share respectively (''Share Repurchase''). The aggregate purchase price paid (excluding commission and other expenses) for the Share Repurchase was approximately HK$944,400. The repurchased shares represent approximately 0.02418% of the existing total number of issued shares of the Company as at the date of this announcement. The Company will subsequently cancel the repurchased shares.

The Board believes that the current financial resources of the Company enable it to conduct the Share Repurchase while maintaining a solid financial position for the continuation of the Company's business in the current financial year. In addition, the Board considers that the Share Repurchase reflects the confidence of the Board and the management team in the long-term strategy and growth of the Company and considers that the Share Repurchase is in the best interest of the Company and its shareholders as a whole.

The Board confirms that the Share Repurchase was conducted in compliance with the memorandum and articles of association of the Company, the Listing Rules, the Takeovers Code, the Companies Law of the Cayman Islands and all applicable laws and regulations which the Company is subject to. The Directors have no present intention to repurchase Shares to an extent that will trigger the obligations under the Takeovers Code to make a mandatory offer. The Board ensures that the Company continues to satisfy the minimum public float requirement under the Listing Rules before and after the Share Repurchase.

By order of the Board

Kangda International Environmental Company Limited ZHAO Juanxian (alias, ZHAO Junxian)

Chairman

Hong Kong, 10 November 2017

As at the date of this announcement, the Board comprises nine directors, namely Mr. ZHAO Juanxian (alias, ZHAO Junxian), Mr. ZHANG Weizhong, Ms. LIU Zhiwei, Mr. GU Weiping, Mr. WANG Litong and Mr. WANG Tianci as executive directors; and Mr. TSUI Yiu Wa Alec, Mr. PENG Yongzhen and Mr. CHANG Qing as independent non-executive directors.

Kangda International Environmental Co. Ltd. published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 14:23:01 UTC.

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Financials ( HKD)
Sales 2017 3 365 M
EBIT 2017 941 M
Net income 2017 507 M
Debt 2017 -
Yield 2017 1,51%
P/E ratio 2017 7,28
P/E ratio 2018 5,79
Capi. / Sales 2017 1,08x
Capi. / Sales 2018 0,88x
Capitalization 3 636 M
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Kangda International Envir Technical Analysis Chart | 6136 | KYG521541048 | 4-Traders
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 6
Average target price 2,49  HKD
Spread / Average Target 42%
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Managers
NameTitle
Wei Zhong Zhang Chief Executive Officer & Executive Director
Juan Xian Zhao Chairman
Zhi Wei Liu Executive Director & Vice President
Wei Ping Gu Executive Director & Vice President
Li Tong Wang Executive Director & Vice President
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