LLinks, Clifford Chance provide legal services to Shanghai Electric for purchasing Shanghai Prime Machinery
BY ALB |
Recently, the CSRC formally approved Shanghai Electric Group Co., Ltd. ("Shanghai Electric", an A+H shares listed company)'s purchase of 47.18% shares in Shanghai Prime Machinery Co., Ltd. (a H-share listed company), 50.1% equity in Thales SAIC Transport, 100% equity in and 26 land plots of Shanghai Electric Group Property Company, with transaction amount reaching about RMB 6.628 billion, and fund raising, through non-public offering, not exceeding RMB 3 billion.