Lot# 7312

The 2025 December Auction - Sale 346 (December 13 - December 16, 2025)   December 13 - December 16 2025, Hong Kong

with the holder owning 1,595 fully paid shares. Stock No.: 00831. Well-preserved, this certificate holds significant financia
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Lot# 7312
Starting Price: 1,000 HK$
Hammer Price: 1,000 HK$
1948 Shanghai Telephone Company Stock Certificate,

with the holder owning 1,595 fully paid shares. Stock No.: 00831. Well-preserved, this certificate holds significant financial and historical value, representing an important artifact of early international business and Shanghai's economic history.

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