Luzhou Xinglu Water Proposes Governance Overhaul
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.
Luzhou Xinglu Water (Group) Co., Ltd. Class H ( (HK:2281) ) has provided an announcement.
Luzhou Xinglu Water (Group) Co., Ltd. has announced several proposed changes to its corporate governance structure, including amendments to its Articles of Association, the abolition of its Supervisory Committee, and the adoption of new rules for its General Meeting and Board of Directors. These changes aim to align with national laws and regulatory requirements, enhancing the company’s operational and procedural systems. The proposed changes will be subject to approval by the company’s shareholders at a general meeting, signifying a strategic shift in the company’s governance model to potentially streamline operations and improve oversight.
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 joint stock company incorporated in the People’s Republic of China, focusing on water services and management. The company is listed on the Hong Kong Stock Exchange and operates within the regulatory framework of Chinese national laws and the Stock Exchange’s listing rules.
Average Trading Volume: 255,362
Technical Sentiment Signal: Buy
Current Market Cap: HK$687.8M
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