On July 13, 2022, Shanghai Electric Power Co., Ltd. closed the transaction. The company has issued 199,579,448 A shares at an issue price of CNY 6.17 per share for gross proceeds of CNY 1,231,405,194.16. The company has paid issuance expenses of CNY 707,547.17 and received net proceeds of CNY 1,230,697,646.99 in the transaction.

After the completion of transaction, retuning investor State Power Investment Corporation Limited holding stake has been changed from 40.20% to 44.43% in the company. The investor acquired 4.23% stake in the transaction.