Kang Longda: There is uncertainty regarding the successful implementation of the equity sale.
Kanglongda released an abnormal announcement that the company's stock had a cumulative deviation of 20% in the closing prices over three consecutive trading days on January 14, January 15, and January 16, 2026, which indicates abnormal fluctuations in stock trading. The company has agreed to sell 100% equity of its subsidiary Suay Chin International Pte. Ltd. to NIANGADOU DISTRIBUT COMPAGNIE SAU. Although the parties have signed an agreement, there are still procedures such as equity transfer and business registration changes to be completed. During the transaction process, there may be instances where the parties fail to fulfill their contractual obligations as agreed, leading to uncertainty about the successful implementation of the deal in the end.
Latest

