Shanghai Electric Power: Termination of Acquisition of Stake in Pakistan KE Company
Shanghai Electric Announcement, September 9, 2025, the company held a board meeting to approve the termination of a major asset purchase transaction, namely the termination of the acquisition of 183.36 billion shares of K-ELECTRIC LIMITED held by KES POWER LTD., accounting for 66.40% of the total issued shares, with a originally planned consideration of 1.77 billion US dollars. The company stated that this transaction will not have a significant adverse impact on the production and operation of the listed company, and will not have a significant adverse impact on the existing production and operation activities or financial condition.
Latest
1 m ago