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Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ) has shared an announcement.
Shandong Hi-Speed Holdings Group Limited and Shandong Hi-Speed New Energy Group Limited have announced a proposed issue of A-shares by their associate, Shandong High Speed Renewable Energy Group Limited (SHREG), to Shandong High Speed Industrial Investment Co., Ltd. The issuance, subject to regulatory approvals, will involve up to 139,888,845 A-shares, representing a significant portion of SHREG’s share capital. The proceeds, estimated at RMB717.6298 million, will be used to bolster SHREG’s working capital and repay bank borrowings, potentially strengthening its financial position and operational capabilities.
More about Shandong Hi-Speed Holdings Group Limited
Shandong Hi-Speed Holdings Group Limited (SDHG) operates in the infrastructure and renewable energy sectors. It is involved in the development and management of highways, bridges, and renewable energy projects, focusing primarily on the Chinese market.
Average Trading Volume: 10,494,058
Technical Sentiment Signal: Buy
Current Market Cap: HK$104.7B
See more data about 0412 stock on TipRanks’ Stock Analysis page.