Shanghai Electric to Sell Shanghai Property in 134.9 Million Yuan Deal

MT Newswires Live
07/09

Shanghai Electric Group (HKG:2727, SHA:601727) entered into a contract to sell a property and its ancillary facilities in Shanghai to Shanghai Xinzhuang Industrial Zone Industrial for 134.9 million yuan.

Xinzhuang Industrial Zone Industrial was identified as the buyer in the third public tender by the firm to sell the assets on the United Assets and Equity Exchange, according to a Thursday Hong Kong bourse filing.

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