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Shanghai Electric Power Plans Financial Services Deal with SPIC Hong Kong Treasury Management

Shanghai Electric Power (SHA:600021) said its Hong Kong subsidiary plans to sign a three-year financial services agreement with related party SPIC Hong Kong Treasury Management.The deal, subject to shareholder approval, includes up to 60 billion yuan in loans, $500 million in daily deposits and 20 million yuan for other services.SPIC Hong Kong Treasury Management is a wholly-owned unit of the company's controlling shareholder, State Power Investment.Shares of the power company declined 1% in recent trade.

Financial News · Live Terminal

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Shanghai Electric Power Plans Financial Services Deal with SPIC Hong Kong Treasury Management

Top Glove Issues Shares on Exercise of Warrants

Guangdong Electric Power Development's Power Generation Rises 18% in Q1

Lumos Diagnostics Expands FebriDx Test Rollout at WellStreet Urgent Care

Johor Plantations Reports March Production Figures

Emperador Seals EUR300 Million Sustainability-Linked Refinancing for Unit

Ta Ann's Fresh Fruit Bunch Output Hits 57,878 Metric Tonnes in March

Buxton Resources Says IGO Stake Falls After Dilution

Lifestyle Communities Reports Decline in Fiscal Q3 Net Sales From New Homes; Cuts Inventory Balance

TeleChoice International Buys Back More Shares

Thakral Files for Singapore Listing of SG$70 Million Bonds due 2029

Sinoma International Engineering Logs 8% Decline in Q1 Newly Signed Contracts

Ahmad Zaki Resources Unit Hit With Winding Up Petition; Shares Drop 4%

Shanghai Lingang's 2025 Profit Down 13%; Shares Fall 5%

Public Bank to Seek Approval for Share Buyback Authority

Lendlease Group Says BlackRock Group Ceases to be a Substantial Shareholder

Capital World Starts Fit-Out at Mustafa Centre's First Outlet at Malaysian Mall; Shares Surge 100%

Wus Printed Circuit's Q1 Profit Seen to Rise Up to 65%; Shares Rise 10%

360 Capital Mortgage REIT Reports Flat Net Return for March

Fujian Sunner Development's Sales Rise 19% in March