HONG KONG, June 18, 2024 – (ACN Newswire) – On 15 May, Shanghai Mechanical & Electrical Industry Co., Ltd. (hereinafter referred to as “SMEIC” or the “Company”, 600835.SH) disclosed the Announcement on Related Transaction of Shanghai Mechanical & Electrical Industry Co., Ltd. According to the announcement, SMEIC intends to acquire 100% equity interests in Shanghai Prime in cash. Upon completion of the transaction, Shanghai Prime will become a wholly-owned subsidiary of SMEIC. This transaction constitutes a related transaction of SMEIC. Based on the pricing principle, as of 31 December 2023, t…
