Shanghai Electric Completes Asset Transfer Through Public Tender

An update from Shanghai Electric Group Company ( (HK:2727) ) is now available.

Shanghai Electric Group Company Limited has announced the successful transfer of project assets of its subsidiary, Ningbo Hi-Firm Environmental Protection Company Limited, through a public tender. The assets, located in Yuyao City, were acquired by Ningbo Haosite Metal Materials Co., Ltd. for RMB73.4346 million. This transaction is part of Shanghai Electric’s strategic asset management and optimization efforts, potentially enhancing its operational efficiency and market positioning.

The most recent analyst rating on (HK:2727) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Shanghai Electric Group Company stock, see the HK:2727 Stock Forecast page.

More about Shanghai Electric Group Company

Shanghai Electric Group Company Limited is a major player in the industrial manufacturing sector, primarily focusing on the production of power generation equipment, industrial equipment, and integration services. The company is known for its contributions to the energy and environmental protection industries, with a strong market presence in China and expanding interests globally.

Average Trading Volume: 28,810,091

Technical Sentiment Signal: Buy

Current Market Cap: HK$109.5B

See more data about 2727 stock on TipRanks’ Stock Analysis page.