Shanghai Electric Plans Share Buyback and Acquisition
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Shanghai Electric Plans Share Buyback and Acquisition

Shanghai Electric Group Company (HK:2727) has released an update.

Shanghai Electric Group Company is set to hold an extraordinary general meeting to discuss key resolutions, including the approval of Automation Group’s acquisition of Ningsheng Industrial and a mandate for the company to buy back up to 10% of its A and H shares. The buyback aims to preserve company value and enhance shareholder interests, while also offering flexibility for capital management.

For further insights into HK:2727 stock, check out TipRanks’ Stock Analysis page.

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