Shanghai Electric Group Company (HK:2727) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Shanghai Electric Group’s controlling shareholder, Shanghai Electric Holding Group Co., Ltd., has reduced its equity interest in the company by 2.28% following an exchange of bonds. This change, occurring between September 30 and October 23, 2024, results in SEGC holding 47.50% of the total share capital, down from 49.78%. The exchange does not involve a takeover offer and complies with all relevant securities regulations.
For further insights into HK:2727 stock, check out TipRanks’ Stock Analysis page.