SEP(SH:600021) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-10 05:25Core Viewpoint - Shanghai Electric has decided to terminate its acquisition of K-Electric Limited in Pakistan, which was initiated in 2016, due to unmet conditions for closing the deal and changes in the business environment in Pakistan [2][5]. Group 1: Acquisition Termination - On September 9, Shanghai Electric's board approved the termination of the acquisition of K-Electric, which involved purchasing 18.336 billion shares, representing 66.4% of the total issued capital, for a cash consideration of $1.77 billion, with potential additional rewards of up to $27 million [5]. - The company stated that the termination of this major asset purchase would not have a significant adverse impact on its operations or the business environment [5][6]. Group 2: New Investment Projects - On the same day, Shanghai Electric announced plans to invest in two new projects: the Fengxian No. 1 offshore photovoltaic project and a 400,000 kW wind power project in Mudanjiang, Heilongjiang, with total investments not exceeding 3.78 billion yuan and 2.261 billion yuan, respectively [6][7]. - The Fengxian No. 1 offshore photovoltaic project, located in Shanghai, will have a capacity of 500,000 kW and is part of the city's first batch of offshore photovoltaic pilot projects [6].