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Shanghai Electric Group Company ( (HK:2727) ) has provided an update.
Shanghai Electric Group Company Limited announced its decision to invest temporarily idle funds into a fixed-income trust scheme managed by J-Yuan Trust Co., Ltd. This strategic move aims to enhance the efficiency of the company’s fund management by leveraging low-risk investment products that align with the company’s risk appetite and financial strategy. The company has set a maximum daily balance of RMB2 billion for these investments, ensuring a focus on medium to low-risk fixed-income assets. The management fee rate negotiated with J-Yuan Trust is deemed fair and reasonable, aligning with industry standards and benefiting shareholders.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the industrial sector. The company focuses on providing a wide range of products and services including power generation equipment, electrical equipment, and other industrial machinery, with a market focus on enhancing efficiency and innovation in manufacturing and energy sectors.
YTD Price Performance: -4.71%
Average Trading Volume: 195,152
Technical Sentiment Signal: Sell
Current Market Cap: $12.9B
See more insights into 2727 stock on TipRanks’ Stock Analysis page.