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Shanghai Electric Group Company ( (HK:2727) ) has provided an update.
Shanghai Electric Group Company Limited announced a delay in the land resumption process for its property at No. 1111 Humin Road, Shanghai. The approval procedures have not been completed as expected, causing uncertainty in the timeline for signing and implementing the land resumption agreement. This delay will not affect the company’s net profit for 2024, but the company will continue to monitor the situation and update stakeholders accordingly.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a prominent entity in the industrial manufacturing sector, specializing in providing energy equipment, industrial equipment, and integration services. The company focuses on advancing the development and production of power generation, transmission, and distribution equipment, catering to both domestic and international markets.
YTD Price Performance: 1.19%
Average Trading Volume: 291,936
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.23B
For detailed information about 2727 stock, go to TipRanks’ Stock Analysis page.
