Shanghai Electric Group Company (HK:2727) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Shanghai Electric Group Company Limited has announced the resumption of state-owned land use rights for its property at No. 1111 Humin Road, Shanghai, valued at RMB395.6 million. The transaction, approved by the company’s board, involves compensation for the land and buildings, as well as additional fees for discontinued operations. This strategic move aims to accelerate urban development in Shanghai’s Minhang District.
For further insights into HK:2727 stock, check out TipRanks’ Stock Analysis page.
