Shanghai Electric to transfer 80.59% stake in Electric International Trading to Shanghai Electric Group for RMB 1.957 billion

Shanghai Electric announced on August 17, 2021 that its board approved the transfer of its 80.59% stake in Electric International Trading to Shanghai Electric Group for RMB 1.957 billion. The transaction is expected to generate a gain of RMB 568 million.

“本次股权转让所取得的资金将用于补充该公司的日常运营资金，为该公司的持续发展提供支援。”beta.zhitongcaijing.com

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• beta.zhitongcaijing.com加快产业结构调整 上海电气(02727)拟19.57亿元转让电气国贸80.59%股权予电气总公司Aug 17, 2021

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