Shanghai Electric Power (600021.SH) plans to transfer 77.8832% of Minghua Electric Power's equity for 202 million yuan.

China Fortune Financial News APP News, Shanghai Electric Power (600021.SH) announced that the company intends to transfer the 77.8832% equity interest it holds in Shanghai Minghua Electric Power Technology Co., Ltd. (hereinafter referred to as "Minghua Electric Power") to Shanghai Power Equipment Design and Research Institute Co., Ltd. (hereinafter referred to as "Complete Institute"). This equity transfer is beneficial to the company's further optimization of its business structure and focus on core business.