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Shanghai Prime Machinery Co Ltd (2345.HK)

2345.HK on Hong Kong Stock

1.45HKD
23 May 2017
Change (% chg)

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HK$1.45
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Avg. Vol
2,515,064
52-wk High
HK$1.78
52-wk Low
HK$1.07

Latest Key Developments (Source: Significant Developments)

Shanghai Electric buys equity, property assets via share issue
Monday, 14 Nov 2016 07:00am EST 

Shanghai Electric Group Co Ltd <601727.SS><2727.HK> : Says it plans to buy stakes in Shanghai Prime Machinery Co Ltd <2345.HK>, Thales Saic Transportation, Shanghai Electric Group Property for 3.8 billion yuan ($555.43 million) via share issue . Says it plans to buy property assets for 2.8 billion yuan via share issue .Says it aims to raise up to 3.0 billion yuan in private placement of shares to fund projects.  Full Article

Shanghai Electric to acquire stakes in Shanghai Prime Machinery, Thales SAIC Transportation
Friday, 4 Nov 2016 04:33am EDT 

Shanghai Electric Group Co Ltd <601727.SS><2727.HK> :Says it plans to acquire assets including stakes in Shanghai Prime Machinery <2345.HK>, Thales SAIC Transportation System via share issue.  Full Article

Shanghai Prime Machinery enters into sale and purchase agreement<2345.HK>
Friday, 19 Aug 2016 08:26am EDT 

Shanghai Prime Machinery Co Ltd <2345.HK>: Connected transaction purchase of equipment <2345.HK> . WTB (as the purchaser) and Shanghai Electric Hk (as the vendor) entered into the CMC S&P agreement . WTB agreed to purchase two sets of CMC . Deal for cash consideration of CHF1.5 million .  Full Article

Shanghai Prime Machinery says Wang Pin resigned as CFO<2345.HK>
Wednesday, 20 Jul 2016 04:56am EDT 

Shanghai Prime Machinery Co Ltd <2345.HK>: Says Wang Pin resigned as the chief financial officer of the company .  Full Article

Shanghai Prime Machinery Co Ltd enters agreements for purchase of equipment
Monday, 31 Aug 2015 09:07am EDT 

Shanghai Prime Machinery Co Ltd:Says WTB (as the purchaser) and Shanghai Electric HK (as the vendor) entered into the MTS S&P Agreement, pursuant to which Shanghai Electric HK agreed to sell and WTB agreed to purchase the MTS for a cash consideration of $296,000.Says WTB and Shanghai Electric HK entered into the Upper Bolster S&P Agreement, pursuant to which Shanghai Electric HK agreed to sell and WTB agreed to purchase the Upper Bolster for a cash consideration of 1,090,458.75 euros.Shanghai Electric HK is a wholly-owned subsidiary of SE Corporation, and SE Corporation is the controlling shareholder of the Company.  Full Article

Shanghai Prime Machinery Co Ltd gives H1 2015 profit outlook
Friday, 17 Jul 2015 04:51am EDT 

Shanghai Prime Machinery Co Ltd:Expected to record a substantial increase in the profit for H1 2015 as compared to the profit for H1 2014.The increase in profit is mainly attributable to the benefit from the acquisition and restructuring project and the initial synergy effect of fastener segment, combined with the varying degrees of growth in other business segments, such as aviation, nuclear power and wind power businesses.  Full Article

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