Moody's: Asset injection and share placement within Shanghai Electric group are credit positive
Hong Kong, November 23, 2016-- Moody's Investors Service says that the asset injection by Shanghai Electric Corporation into its listed subsidiary, Shanghai Electric Group Company Limited, as well as the proposed placement of SHE's shares are credit positive for both companies. The A2 issuer ratings and stable outlooks of SHE and SEGC remain unchanged. On 15 November, SHE announced that it would acquire the following assets from SEGC through a share issuance to SEGC:.
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