Shanghai Electric Group Company (HK:2727) has released an update.
Shanghai Electric Group’s controlling shareholder, SEGC, has reduced its stake in the company from 49.78% to 46.41% due to an exchange of shares linked to recently issued exchangeable bonds. This strategic move involved SEGC pledging a significant number of A shares as part of the bond issuance process, which has now led to a decrease in their overall shareholding. Investors are closely monitoring these developments as they can impact Shanghai Electric’s market dynamics.
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