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Sinopec Shanghai Petrochemical Co ( (HK:0338) ) just unveiled an announcement.
Sinopec Shanghai Petrochemical Company Limited has announced the first H shareholders class meeting for 2025, scheduled for June 11, 2025, in Shanghai, China. The meeting will consider a special resolution to authorize the board of directors to repurchase domestic and/or overseas listed foreign shares of the company. This move could have significant implications for the company’s market strategy and shareholder value, potentially impacting its financial structure and market positioning.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$3.70 price target. To see the full list of analyst forecasts on Sinopec Shanghai Petrochemical Co stock, see the HK:0338 Stock Forecast page.
More about Sinopec Shanghai Petrochemical Co
Sinopec Shanghai Petrochemical Company Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the petrochemical industry, focusing on the production and distribution of petrochemical products. The company is listed on the Hong Kong Stock Exchange and engages in both domestic and international markets.
Average Trading Volume: 14,163,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.69B
For detailed information about 0338 stock, go to TipRanks’ Stock Analysis page.