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Yuexiu Services Wins Independent Shareholder Approval for 2026 Bank Deposits Agreement

Story Highlights
  • Independent shareholders overwhelmingly approved Yuexiu Services’ 2026 Bank Deposits and Ancillary Services Agreement.
  • The vote, with GCD China abstaining, ratifies past actions and authorises directors to manage future banking transactions within new annual caps.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yuexiu Services Wins Independent Shareholder Approval for 2026 Bank Deposits Agreement

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The latest update is out from Yuexiu Services Group Ltd. ( (HK:6626) ).

Yuexiu Services Group Limited announced that shareholders at its 18 December 2025 general meeting approved, by a large majority of independent votes cast, the 2026 Bank Deposits and Ancillary Services Agreement and the associated new annual caps for transactions under that agreement. Because majority shareholder GCD China and its associates were required to abstain from voting under Hong Kong listing rules, the resolution was decided by independent shareholders, with 97.88% of votes cast in favour, thereby ratifying past actions and authorising directors to implement, amend or vary the arrangement as needed. The approval secures continued access to banking deposit and related services under the new framework, reinforces the company’s compliance with connected transaction requirements, and provides management with flexibility to manage treasury operations within the agreed limits, which is relevant to both corporate governance and financial risk management for minority investors.

The most recent analyst rating on (HK:6626) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Yuexiu Services Group Ltd. stock, see the HK:6626 Stock Forecast page.

More about Yuexiu Services Group Ltd.

Yuexiu Services Group Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong. It operates within the broader financial and corporate services ecosystem as part of the Yuexiu group of companies, with its shares widely held but significantly influenced by controlling shareholder GCD China and its associates, which together hold a majority stake in the company.

Average Trading Volume: 975,706

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.68B

See more insights into 6626 stock on TipRanks’ Stock Analysis page.

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