Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Luzhou Xinglu Water (Group) Co., Ltd. Class H ( (HK:2281) ) has provided an update.
Luzhou Xinglu Water (Group) Co., Ltd. announced that its subsidiary, Xinglu Wastewater Treatment, has entered into a Service Contract with Xinglu Environmental Protection for sludge disposal services. This transaction, classified as a discloseable and continuing connected transaction, requires approval from independent shareholders due to its significant financial implications, with a service fee not exceeding RMB33,000,000 annually. The arrangement highlights the company’s ongoing efforts to manage waste effectively and comply with regulatory requirements, potentially impacting its operational efficiency and stakeholder relations.
More about Luzhou Xinglu Water (Group) Co., Ltd. Class H
Luzhou Xinglu Water (Group) Co., Ltd. operates in the environmental services industry, focusing on wastewater treatment and related services. The company is involved in providing sludge disposal services, which are essential for managing waste generated during the wastewater treatment process.
Average Trading Volume: 405,481
Technical Sentiment Signal: Sell
Current Market Cap: HK$515.8M
Find detailed analytics on 2281 stock on TipRanks’ Stock Analysis page.