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Shanghai Electric and HSBC to carry out hedging operations

Release date:2013-07-09
 WASHINGTON Shanghai Electric (601727) today announced, through the Shanghai Electric Group Shanghai Electric Co., Ltd. 39 Board considered and approved the second, the company will work with HSBC (China) Co., Ltd. (abbreviation: HSBC) to carry out foreign exchange receipts and payments cover term preservation business, which line of credit does not exceed $ 250 million, primarily related to foreign currency currency dollar and the euro.
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