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Shanghai Electric Group Company ( (HK:2727) ) has issued an announcement.
Shanghai Electric Group Company Limited has completed a strategic exchange plan involving Shanghai State-owned Capital Investment Co., Ltd. (SSCI), which has exchanged 77,899,000 A shares, accounting for 0.50% of the company’s total share capital, for shares in the CSI Shanghai State-owned Exchange Traded Index-based Investment Fund. This move is aligned with the company’s broader strategy to optimize its shareholding structure and enhance investment efficiency, potentially strengthening its market position and providing favorable implications for stakeholders.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a leading enterprise in the power generation and electrical equipment manufacturing industry. It primarily focuses on developing and producing power equipment, industrial equipment, and integrating services, with a significant emphasis on advancing technological solutions in energy sectors.
YTD Price Performance: 7.35%
Average Trading Volume: 291,936
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.23B
Find detailed analytics on 2727 stock on TipRanks’ Stock Analysis page.
