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An update from Luzhou Xinglu Water (Group) Co., Ltd. Class H ( (HK:2281) ) is now available.
Luzhou Xinglu Water (Group) Co., Ltd. has entered into a two-year landscaping and cleaning service contract with Xinglu Property Management, a subsidiary of its controlling shareholder. The contract, valued at approximately RMB1.4223 million per annum, covers services for the company’s office premises and water facilities. This transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from circular and independent shareholders’ approval due to its size.
The most recent analyst rating on (HK:2281) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Luzhou Xinglu Water (Group) Co., Ltd. Class H stock, see the HK:2281 Stock Forecast page.
More about Luzhou Xinglu Water (Group) Co., Ltd. Class H
Luzhou Xinglu Water (Group) Co., Ltd. Class H operates in the water industry, focusing on water treatment and supply services. The company is based in the People’s Republic of China and is involved in managing water treatment plants and other water supply facilities.
Average Trading Volume: 255,362
Technical Sentiment Signal: Buy
Current Market Cap: HK$687.8M
For an in-depth examination of 2281 stock, go to TipRanks’ Overview page.