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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.