SH ELECTRIC to Initiate Third Round of Public Listing for Real Estate Asset After Second Attempt Fails to Attract Bidders

Stock News

May 18

SH ELECTRIC (02727) has announced an update regarding the public listing and transfer of its real estate property and ancillary facilities located at 188 Linchun Road, Minhang District, Shanghai, through the Shanghai United Assets and Equity Exchange.

The company conducted a second public listing for the asset from April 14, 2026, to May 14, 2026, with an asking price set at a 10% discount from the initial listing price, amounting to RMB 149.9 million. On May 15, 2026, the company received a notice from the exchange indicating that the announcement period had concluded without attracting any prospective buyers.

Consequently, the company plans to proceed with a third public listing for the asset on the exchange. The asking price for this third listing will be reduced by a further 10% from the second listing price, setting it at RMB 134.9 million.

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