Shanghai Industrial Holdings (HK:0363) has released an update.
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Shanghai Industrial Holdings, through its subsidiary Shanghai Jiyun, has entered into a strategic agreement with Ping An Fund to subscribe to fund units worth up to RMB1.38 billion. This investment, representing a significant 15.8284% of the offered units, marks a noteworthy move in the company’s portfolio expansion strategy. The deal, characterized as a discloseable transaction, will be financed through internal resources and/or bank financing.
For further insights into HK:0363 stock, check out TipRanks’ Stock Analysis page.
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