Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Shanghai Electric Group Company ( (HK:2727) ) has shared an update.
Shanghai Electric Group Company Limited has successfully progressed in the transfer of its property located at Xingyi Road, Shanghai, through a public tender process. The property was acquired by Shanghai Shisu Industry Co., Ltd. at an appraised value of RMB63,863.9 thousand. This transaction indicates Shanghai Electric’s strategic asset management, potentially impacting its financial positioning while aligning with market regulations. The deal does not involve any prior relationship between the two companies, ensuring transparency in the transaction.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a prominent player in the industrial sector, primarily focusing on the manufacturing and provision of power generation equipment, industrial equipment, and integrated services. The company is headquartered in China and has a significant focus on energy and industrial markets.
YTD Price Performance: -2.94%
Average Trading Volume: 372
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.55B
See more data about 2727 stock on TipRanks’ Stock Analysis page.
