Zhitong Finance App News, Shanghai Electric (02727.HK) announced that on October 18, 2024, the board of directors reviewed and passed the relevant bill, agreeing that Automation Group, a wholly-owned subsidiary of the company, would acquire 100% of the shares of Ningsheng Industrial held by Electric Holdings in cash. The transaction price was approximately RMB 3,082 billion. Automation Group signed an “Equity Transfer Agreement” with Electric Holdings and Ningsheng Industrial for this transaction on October 18, 2024.

Zhitongcaijing · 10/18 14:49
Zhitong Finance App News, Shanghai Electric (02727.HK) announced that on October 18, 2024, the board of directors reviewed and passed the relevant bill, agreeing that Automation Group, a wholly-owned subsidiary of the company, would acquire 100% of the shares of Ningsheng Industrial held by Electric Holdings in cash. The transaction price was approximately RMB 3,082 billion. Automation Group signed an “Equity Transfer Agreement” with Electric Holdings and Ningsheng Industrial for this transaction on October 18, 2024.