Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ) has issued an update.
Shandong Hi-Speed Holdings Group Limited (SDHG) and its subsidiary, SDHS Photovoltaic, have entered into a loan agreement with the Beijing Branch of PingAn Bank for RMB868,334,134.50. This transaction is classified as a connected transaction due to the involvement of Ping An Insurance, which holds significant shares in a related company. The loan agreement has been approved by the boards of both SHNE and SDHG and is subject to certain reporting and announcement requirements under the Hong Kong Listing Rules, though it is exempt from independent shareholders’ approval.
More about Shandong Hi-Speed Holdings Group Limited
Average Trading Volume: 7,592,800
Technical Sentiment Signal: Buy
Current Market Cap: HK$100.2B
Find detailed analytics on 0412 stock on TipRanks’ Stock Analysis page.