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An update from Sinopec Shanghai Petrochemical Co ( (HK:0338) ) is now available.
Sinopec Shanghai Petrochemical Company Limited has announced the convening of its second extraordinary general meeting for 2025 to discuss and approve several key resolutions. These include new framework agreements for mutual product supply and comprehensive services for 2026-2028, adjustments to the company’s registered capital and business scope, and the election of a new non-independent director. These resolutions aim to streamline operations and enhance corporate governance, potentially impacting the company’s strategic positioning and stakeholder relations.
The most recent analyst rating on (HK:0338) stock is a Hold with a HK$1.50 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 company incorporated in the People’s Republic of China, operating in the petrochemical industry. It is primarily engaged in the production and sale of petrochemical products, focusing on the Chinese market.
YTD Price Performance: 10.36%
Average Trading Volume: 13,725,157
Technical Sentiment Signal: Buy
Current Market Cap: HK$25.93B
Learn more about 0338 stock on TipRanks’ Stock Analysis page.