Shanghai Industrial Holdings (HK:0363) has released an update.
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Shanghai Industrial Holdings is set to divest its 23.0584% stake in Ningbo Hangzhou Bay Bridge Development Company, with the sale expected to fetch between RMB1,747 million and RMB1,923 million. The transaction, part of a larger 85.1894% equity transfer agreement with Ping An Securities, marks a strategic move by the company to refocus its portfolio.
For further insights into HK:0363 stock, check out TipRanks’ Stock Analysis page.