Shanghai Electric's Subsidiary to Cut Stake in Shanghai Highly; Shanghai Highly's Shares Dip 10%

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Shanghai Electric Group Hong Kong plans to divest about 1% of its holdings in Shanghai Highly (SHA:600619, SHA:900910), according to a Shanghai bourse filing on Tuesday.

Shanghai Electric Hong Kong is a subsidiary of Shanghai Highly's controlling shareholder, Shanghai Electric Group (HKG:2727, SHA:601727).

The stake, which represents 10,733,444 shares, will be offloaded between Sept. 30 and Dec. 29 through centralized bidding.

Shanghai Electric Hong Kong currently owned 27,407,225 B shares, or 2.55% of the company's total share capital.

The A shares of the Chinese manufacturer of components for white goods and energy vehicles slumped less than 10%, while B shares dipped 8% during midday trade. Shanghai Electric's Shanghai shares slipped over 1%.

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Shanghai Electric's Shanghai shares slipped over 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0117","symbol_name":"地热能","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2566766806","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566766806","pubTimestamp":1757393541,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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