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An announcement from Shanghai Electric Group Company ( (HK:2727) ) is now available.
Shanghai Electric Group Company Limited has announced progress on a land resumption project in Shanghai, involving the signing of a Non-residential Building Demolition and Relocation Compensation Agreement. This agreement, adjusted to extend the signing deadline to April 30, 2025, includes an incentive fee for timely execution, reflecting the company’s strategic asset management and potential financial gain, subject to annual audit confirmation.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a major player in the manufacturing industry, primarily focusing on the production of power generation equipment, industrial equipment, and integration services. The company is based in China and is listed on the Hong Kong Stock Exchange, targeting both domestic and international markets.
YTD Price Performance: 9.52%
Average Trading Volume: 686
Technical Sentiment Signal: Strong Sell
Current Market Cap: $13.22B
For detailed information about 2727 stock, go to TipRanks’ Stock Analysis page.