tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Luzhou Bank Renews Property Services Agreement with Laojiao Property Service

Story Highlights
  • Luzhou Bank renews its Property Services Agreement with Laojiao Property Service for another year.
  • The agreement involves a maximum annual fee of RMB8,980,000 and is a connected transaction under Listing Rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Luzhou Bank Renews Property Services Agreement with Laojiao Property Service

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Luzhou Bank Co., Ltd. Class H ( (HK:1983) ) has shared an announcement.

Luzhou Bank Co., Ltd. has renewed its Property Services Agreement with Luzhou Laojiao Property Service Co., Ltd. for the period from July 24, 2025, to July 23, 2026. The agreement, which involves a maximum annual property service fee of RMB8,980,000, continues the provision of integrated property services for the bank’s head office. This renewal reflects the bank’s satisfaction with the services provided and underscores its ongoing relationship with Laojiao Property Service, a connected entity under the bank’s substantial shareholder, Luzhou Laojiao Group. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval due to its percentage ratio.

More about Luzhou Bank Co., Ltd. Class H

Average Trading Volume: 15,210

Technical Sentiment Signal: Buy

Current Market Cap: HK$6.63B

For a thorough assessment of 1983 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1