Luzhou Xinglu Water Proposes Governance Overhaul
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Luzhou Xinglu Water (Group) Co., Ltd. (HK:2281) has announced a governance overhaul, proposing changes to its Articles of Association, abolishing its Supervisory Committee, and introducing new rules for its General Meeting and Board of Directors. These changes aim to enhance operational efficiency and comply with national regulations, pending shareholder approval. The latest analyst rating for the stock is a Buy with a target price of HK$1.00. The company focuses on water services and is listed on the Hong Kong Stock Exchange, with a market cap of HK$687.8M.
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