Shanghai Electric Announces RMB166 Million Property Sale via Public Tender

Reuters2025-12-30

Shanghai Electric Announces RMB166 Million Property Sale via Public Tender

Shanghai Electric Group Co. Ltd. has announced the transfer of its property and ancillary facilities at No. 188, Linchun Road, Minhang District, Shanghai, through a public tender on the Shanghai United Assets and Equity Exchange. The asset is valued at RMB166.34 million, and the transaction is expected to increase the company's net profit attributable to the parent company by approximately RMB105 million, subject to audit confirmation. The counterparty will be determined through the public tender process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Electric Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251230-11971054), on December 30, 2025, and is solely responsible for the information contained therein.

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Ltd. has announced the transfer of its property and ancillary facilities at No. 188, Linchun Road, Minhang District, Shanghai, through a public tender on the Shanghai United Assets and Equity Exchange. The asset is valued at RMB166.34 million, and the transaction is expected to increase the company's net profit attributable to the parent company by approximately RMB105 million, subject to audit confirmation. The counterparty will be determined through the public tender process.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Electric Group Co. 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