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Shanghai Electric Group Co Ltd (2727.HK)

2727.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Shanghai Electric receives notice from CSRC upon reviewing and vetting transactions
Friday, 30 Jun 2017 04:35am EDT 

June 30 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>:Announcement in relation to approval of transactions by CSRC vetting committee and resumption of trading in A shares.Co received a notice from CSRC that review and vetting of transactions have been conducted.Upon reviewing, transactions were unconditionally approved by listed companies merger and reorganisation vetting committee of CSRC.Company has not received official approval documents from CSRC currently.Made application to Shanghai stock exchange for resumption of trading in A shares of company with effect from 3 July 2017.  Full Article

Shanghai Electric to subscribe to China Orient Asset Management's new share issue
Friday, 30 Jun 2017 03:58am EDT 

June 30 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>2727.HK:Says it plans to invest 1.0 billion yuan ($147.53 million) to set up venture capital firm.Says it plans to invest up to 3.0 billion yuan to buy China Orient Asset Management's new share issue.  Full Article

Shanghai Electric says Co did not sign any JV agreement with Tesla
Thursday, 22 Jun 2017 06:17pm EDT 

June 23 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>:As of date of this announcement, Co did not get in touch with Tesla and did not sign any joint venture agreement with Tesla.Noticed that certain news agents reported that tesla, inc. signed a joint venture agreement with company.  Full Article

Shanghai Electric Group announces suspension of trading in A shares
Wednesday, 21 Jun 2017 09:51pm EDT 

June 22 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>:On 21 June 2017, company received a notice from China Securities Regulatory Commission.Notice from CSRC said that vetting of transactions will soon be carried out in working meeting of listed companies merger.Trading in A shares of company will be suspended from 22 June 2017.Refers to transaction in relation to proposed assets acquisition by issuance of shares and issuance and placing of A shares.  Full Article

Shanghai Electric Group says Board approved co to invest in a solar power project in Dubai
Monday, 5 Jun 2017 04:52am EDT 

June 5 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>:Approved resolution in relation to co's participation and equity investment in a solar power (tower) independent power project in Dubai.Resolution authorized company or its subsidiaries to invest no more than usd40 million for project.  Full Article

Shanghai Electric in JV deal with Guoxuan High-tech
Friday, 12 May 2017 07:05am EDT 

May 12 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>2727.HK:Says it plans to set up new energy technology JV with registered capital of 300 million yuan ($43.48 million) with Guoxuan High-tech Co Ltd <<<002074.SZ>>>.  Full Article

Shanghai Electric receives approval on matters related to asset reorganization
Friday, 5 May 2017 05:57am EDT 

May 5 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>:Received "approval on matters in relation to plan on asset reorganization in shanghai electric group company ltd ".Recieved approval from state-owned assets supervision and administration commission of shanghai municipal government.Refers to announcements in relation to proposed assets acquisition by issuance of shares and proposed issuance and placing of a shares.  Full Article

Shanghai Electric's Q1 profit up, scraps share issue in asset acquisition proposal
Friday, 21 Apr 2017 04:44am EDT 

April 21 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>2727.HK:Says Q1 net profit down 3.8 percent y/y at 485.7 million yuan ($70.57 million).Says it scraps share issue in its asset acquisition proposal.  Full Article

Shanghai Electric says qtrly net profit attributable rmb 485.7 mln
Friday, 21 Apr 2017 02:38am EDT 

April 21 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>::Qtrly net profit attributable rmb 485.7 million, down 3.81 percent.Qtrly revenue rmb13.03 billion, down 15.67 percent.  Full Article

Shanghai Electric Group says no dividend payment for FY 2016
Sunday, 19 Mar 2017 11:22pm EDT 

Shanghai Electric Group Company Limited <601727.SS> :Says no dividend payment for FY 2016.  Full Article

BRIEF-Shanghai Electric says Co did not sign any JV agreement with Tesla

* As of date of this announcement, Co did not get in touch with Tesla and did not sign any joint venture agreement with Tesla