[ET Net News Agency, 8 December 2017] Shanghai Electric (02727) said it recently
received the approval from the State-owned Assets Supervision and Administration
Commission of Shanghai Municipal Government to issue exchangeable corporate bonds by way
of public offering with the issuance size of no more than Rmb3 billion and with the
guarantee of no more than 50% of the number of A shares held by Shanghai Electric in
Shanghai Mechanical & Electrical Industry Co., Ltd. (a company listed on the Shanghai
Stock Exchange under stock code 600385.SH).
The above transaction is subject to, among other things, the approval of the
shareholders of Shanghai Electric at the extraordinary general meeting and the approval of
the China Securities Regulatory Commission. (HL)
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