Shanghai Electric Group Company Limited has moved to a second round of public tender for its property and ancillary facilities at No. 188 Linchun Road, Minhang District, Shanghai, after the first attempt attracted no qualified bidders.

The initial listing on the Shanghai United Assets and Equity Exchange ran from 27 February 2026 to 26 March 2026 at the state-approved appraisal price of RMB166.57 million. With no expressions of interest received by the 27 March deadline, the board approved a renewed offering at a price 10% lower, or RMB149.91 million.

The company stated that it will continue to disclose further developments in line with regulatory requirements and urged shareholders and potential investors to exercise caution when trading its securities.