Shanghai Electric to Divest Shanghai Office Property via Public Tender for RMB166 Million

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

Shanghai Electric Group Company Limited has approved the transfer by public tender of its property and ancillary facilities at No. 188 Linchun Road in Shanghai’s Minhang District, currently used as offices by its subsidiary Shanghai Electric Power Generation Group, at a tender price set at an appraised value of RMB166.34 million. The move is part of a broader plan to relocate the subsidiary to a new site, consolidate office premises across group subsidiaries, and thereby centralize management, improve operational efficiency and cut external leasing costs; the transaction, to be conducted on the Shanghai United Assets and Equity Exchange, is not classified as a material asset restructuring or a related-party transaction and does not require shareholder approval, signalling a routine but efficiency-focused optimization of the group’s real estate portfolio.

The most recent analyst rating on (HK:2727) stock is a Hold with a HK$4.00 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 Chinese equipment manufacturing conglomerate, with operations spanning power generation, industrial equipment and integrated services, serving domestic and international infrastructure and energy markets. Through subsidiaries such as Shanghai Electric Power Generation Group, the company focuses on supplying power generation systems and related engineering solutions to utilities and large industrial customers.

Average Trading Volume: 72,619,339

Technical Sentiment Signal: Buy

Current Market Cap: HK$130.3B

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