Luzhou Xinglu Water to Take Control of Integrated Xuyong County Water and Drainage Project

The latest update is out from Luzhou Xinglu Water (Group) Co., Ltd. Class H ( (HK:2281) ).

Luzhou Xinglu Water has entered into a cooperative agreement with Xuyong County Urban and Rural Water Development Group to integrate water supply and drainage operations across Xuyong County and its subordinate townships. Under the deal, Xuyong’s tap water assets and the company’s wastewater treatment assets, including plants and related receivables, will be injected into Xingxu Water as a capital increase, following an independent valuation.

After completion, Xingxu Water’s registered capital will rise to RMB171,666,700, with the company and its subsidiary jointly holding a 51% controlling stake and Sichuan Xingxu retaining 49%. Xingxu Water will then assume comprehensive operation, maintenance, and management of tap water supply and wastewater treatment businesses countywide, consolidating fragmented services and potentially strengthening Luzhou Xinglu Water’s operational scale and influence in the regional water utilities sector.

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. is a PRC-based water utility company focused on urban and rural water supply and wastewater treatment services. The group operates tap water and domestic sewage treatment facilities, positioning itself as a key player in integrated water and drainage solutions across counties and townships in its regional market.

Average Trading Volume: 114,617

Technical Sentiment Signal: Buy

Current Market Cap: HK$713.6M

See more data about 2281 stock on TipRanks’ Stock Analysis page.