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Shanghai Electric completes Shanghai Electric Industrial deal

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Shanghai Electric completes Shanghai Electric Industrial deal

Shanghai Electric Group Co. Ltd. on Aug. 26 closed its deal to acquire Shanghai Electric Industrial Co. Ltd. for a transaction value of 1.91 billion yuan (US$287.0 million).

Credit Suisse Founder Securities Co. Ltd., Guotai Junan Capital Ltd. and Haitong Securities Co. Ltd. were the financial advisers for Shanghai Electric, and Llinks Law Offices was the legal adviser.