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Shanghai Electric Wins Court Ruling in Loan Dispute, Set to Recover Over 215 Million Yuan

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Shanghai Electric Group (HKG:2727, SHA:601727) is set to recover approximately 215.4 million yuan following a second-instance court judgment in its long-running loan dispute with SINOMEC Engineering Group, according to Hong Kong and Shanghai bourse filings late Tuesday.

The litigation stems from a 1 billion yuan loan dispute where SINOMEC failed to fulfill its contractual repayment obligations. Shanghai Electric pursued legal action at the Shanghai Financial Court, leading to a ruling that ordered SINOMEC to clear its liabilities.

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