Beijing Enterprises Water Group Seeks Independent Approval for New Deposit Services Deal

Beijing Enterprises Water Group ( (HK:0371) ) has provided an announcement.

Beijing Enterprises Water Group has entered into a new 2026 Deposit Services Master Agreement with BG Finance, under which BG Finance will continue to provide deposit services to the group, replacing the existing annual caps with new proposed caps. The arrangement constitutes a continuing connected transaction under Hong Kong listing rules, as BG Finance is an associate of the company’s controlling shareholders BEGCL and BEHL.

Because one or more applicable percentage ratios for the proposed annual caps exceed 5%, the deposit services are classified as non-exempt continuing connected transactions requiring reporting, annual review, public announcement, and approval by independent shareholders. An Independent Board Committee and an independent financial adviser have been appointed, a special general meeting will be convened for independent shareholders to vote, and the controlling shareholder groups will abstain, with a circular to be dispatched by 11 March 2026 outlining further details.

The most recent analyst rating on (HK:0371) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Beijing Enterprises Water Group stock, see the HK:0371 Stock Forecast page.

More about Beijing Enterprises Water Group

Beijing Enterprises Water Group is a Hong Kong-listed utility company focused on water services and environmental protection projects. It primarily engages in investment, construction, and operation of water treatment and related infrastructure, with a market focus on mainland China and other regional markets where municipal and industrial water services are in demand.

Average Trading Volume: 29,240,708

Technical Sentiment Signal: Buy

Current Market Cap: HK$28.84B

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