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Beijing Enterprises Water Group ( (HK:0371) ) has issued an announcement.
Beijing Enterprises Water Group shareholders have overwhelmingly approved the 2026 Deposit Services Master Agreement and related transactions at a special general meeting in Hong Kong, with 97.81% of votes cast in favour. The resolution also endorsed proposed annual caps for the deposit arrangements and authorised the board to take all necessary steps to implement the agreement.
Major connected shareholders, including BEGCL Group and BEHL Group and their associates, abstained from voting in line with Hong Kong listing rules, leaving 5.86 billion shares eligible to vote independently. The strong backing from independent shareholders solidifies the group’s funding and treasury framework for 2026, providing clearer visibility over its deposit service arrangements and supporting ongoing operational and financial management across its water and environmental projects.
The most recent analyst rating on (HK:0371) stock is a Hold with a HK$2.20 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 mainland China-based water services company focused on investment, construction and operation of water and environmental protection projects. Listed in Hong Kong, it provides municipal water, wastewater treatment and related environmental services, positioning itself as a key player in China’s urban infrastructure and public utilities sector.
Average Trading Volume: 24,053,678
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27.34B
Learn more about 0371 stock on TipRanks’ Stock Analysis page.