Shanghai Electric Group Company (HK:2727) has released an update.
Shanghai Electric Group is set to hold a class meeting for H Shareholders on November 22, 2024, to discuss a special resolution granting the Board a mandate to repurchase up to 10% of its A and H shares. This move aims to enhance shareholder value and manage capital effectively, aligning with the company’s strategic goals. Investors will be keen to watch how this buy-back strategy impacts the market performance of Shanghai Electric’s shares.
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