SMEG plans to sell its shares in Bank of Shanghai at an opportune time
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SMEG plans to opportunistically sell its 2.47 million shares of Bank of Shanghai, accounting for approximately 0.02% of its total share capital. This move aims to improve asset liquidity and utilization efficiency, enhancing financial robustness. It is expected that if all shares are sold, the proceeds will exceed 10% of the net profit for the 2024 fiscal year, but will not meet the standards for shareholder meeting review
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