Shanghai Electric (02727.HK): Subsidiary Wintech Acquires 58.02% Stake in Anghua Automation, Constituting Connected Transaction

NewTimeSpace · 2026/06/17 18:42 · By Zeyu Wu

NewTimeSpace News: Shanghai Electric announced on June 17 that Wintech, its non-wholly-owned subsidiary, will acquire 100% equity interest in Anghua Automation via private agreement transfer with a total transaction value of approximately RMB204 million. The acquisition of the 58.02% stake held by controlling shareholder Electric Holdings at a consideration of around RMB119 million constitutes a connected transaction.

NewTimeSpace News: On June 17, 2026, Shanghai Electric (02727.HK) announced that its board of directors has approved the proposal for Wintech to acquire 100% equity interest in Anghua Automation. The valuation benchmark date for the transaction is December 31, 2025, and the assessed value of the target company stands at roughly RMB204 million.

Specifically, Wintech will purchase a 58.02% stake from controlling shareholder Electric Holdings for approximately RMB119 million, and acquire the remaining 41.98% stake from eight other shareholders at a cost of around RMB85.7855 million. Upon completion of the acquisition, Anghua Automation will become a subsidiary consolidated into Shanghai Electric’s financial statements.

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