Shanghai Electric Divests Five Biomass Power Projects for 427 Million Yuan to Focus on Core Operations

Stock News04-29 21:58

Shanghai Electric (02727) has announced that on April 29, 2026, its board reviewed and approved a proposal for the transfer of equity interests in five biomass power project companies. The company's wholly-owned subsidiary, Anhui Investment Company, will transfer its 100% stakes in Wuhe Project Company, Tianchang Project Company, Mengcheng Project Company, and Suixi Project Company to Electric Holding via a private agreement. Additionally, another wholly-owned subsidiary, Electric Investment Company, will transfer its 100% stake in Xiangshui Project Company to Electric Holding under the same arrangement. The total consideration for these transactions amounts to RMB 426.91 million, based on the assessed equity value of the five project companies as of October 31, 2025. The final transfer price will be subject to state-owned asset regulatory filing. This divestment enables Shanghai Electric to exit its primary biomass power operations, shedding non-core assets to replenish working capital and support the sustained development of its core business activities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1176962418?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-29 21:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1176962418","market":"other","top_or_hot":-1,"title":"Shanghai Electric Divests Five Biomass Power Projects for 427 Million Yuan to Focus on Core Operations","media":"Stock News","content":"<p>Shanghai Electric (02727) has announced that on April 29, 2026, its board reviewed and approved a proposal for the transfer of equity interests in five biomass power project companies. The company's wholly-owned subsidiary, Anhui Investment Company, will transfer its 100% stakes in Wuhe Project Company, Tianchang Project Company, Mengcheng Project Company, and Suixi Project Company to Electric Holding via a private agreement. Additionally, another wholly-owned subsidiary, Electric Investment Company, will transfer its 100% stake in Xiangshui Project Company to Electric Holding under the same arrangement. The total consideration for these transactions amounts to RMB 426.91 million, based on the assessed equity value of the five project companies as of October 31, 2025. The final transfer price will be subject to state-owned asset regulatory filing. This divestment enables Shanghai Electric to exit its primary biomass power operations, shedding non-core assets to replenish working capital and support the sustained development of its core business activities.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shanghai Electric Divests Five Biomass Power Projects for 427 Million Yuan to Focus on Core Operations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShanghai Electric Divests Five Biomass Power Projects for 427 Million Yuan to Focus on Core Operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-04-29 21:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shanghai Electric (02727) has announced that on April 29, 2026, its board reviewed and approved a proposal for the transfer of equity interests in five biomass power project companies. The company's wholly-owned subsidiary, Anhui Investment Company, will transfer its 100% stakes in Wuhe Project Company, Tianchang Project Company, Mengcheng Project Company, and Suixi Project Company to Electric Holding via a private agreement. Additionally, another wholly-owned subsidiary, Electric Investment Company, will transfer its 100% stake in Xiangshui Project Company to Electric Holding under the same arrangement. The total consideration for these transactions amounts to RMB 426.91 million, based on the assessed equity value of the five project companies as of October 31, 2025. The final transfer price will be subject to state-owned asset regulatory filing. This divestment enables Shanghai Electric to exit its primary biomass power operations, shedding non-core assets to replenish working capital and support the sustained development of its core business activities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0184","symbol_name":"上海国资改革","start_time":0,"source_url":"","article_id":"1176962418","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176962418","pubTimestamp":1777471137,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Shanghai Electric (02727) has announced that on April 29, 2026, its board reviewed and approved a proposal for the transfer of equity interests in five biomass power project companies. The company's...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601727":"上海电气","BK0184":"上海国资改革","BK0028":"国家队","BK0259":"通用设备","BK0012":"证金概念","BK0005":"高端装备制造","BK1522":"燃料电池","BK1546":"电力设备股","BK1205":"重型电气设备","02727":"上海电气","BK0201":"可转债","BK0188":"融资融券","BK0035":"核能核电","BK1594":"碳中和概念股","BK0196":"行业龙头"},"translate_title":"上海电气4.27亿元剥离5个生物质发电项目聚焦核心运营","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601727":1,"02727":1},"content_text":"Shanghai Electric (02727) has announced that on April 29, 2026, its board reviewed and approved a proposal for the transfer of equity interests in five biomass power project companies. The company's wholly-owned subsidiary, Anhui Investment Company, will transfer its 100% stakes in Wuhe Project Company, Tianchang Project Company, Mengcheng Project Company, and Suixi Project Company to Electric Holding via a private agreement. Additionally, another wholly-owned subsidiary, Electric Investment Company, will transfer its 100% stake in Xiangshui Project Company to Electric Holding under the same arrangement. The total consideration for these transactions amounts to RMB 426.91 million, based on the assessed equity value of the five project companies as of October 31, 2025. The final transfer price will be subject to state-owned asset regulatory filing. This divestment enables Shanghai Electric to exit its primary biomass power operations, shedding non-core assets to replenish working capital and support the sustained development of its core business activities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1176962418","isCrawlerRequest":true}