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Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ) just unveiled an announcement.
Shandong Hi-Speed Holdings Group Limited, through its subsidiary Heze SH Energy, has entered into an EPC contract with China Energy Engineering No. 2 Construction Co and Zhengchen Technology for a project valued at RMB1,011,365,724. This transaction, considered a connected transaction under Hong Kong’s Listing Rules, will be recorded as an acquisition of power plant assets. The deal requires reporting and announcement due to its significant financial implications, with SHNE needing shareholder approval due to the transaction’s size. The contract’s aggregation with previous similar contracts highlights the company’s strategic expansion in infrastructure development.
More about Shandong Hi-Speed Holdings Group Limited
Shandong Hi-Speed Holdings Group Limited operates in the infrastructure and energy sectors, focusing on the development and management of transportation and energy projects. The company is involved in engineering, procurement, and construction (EPC) services, primarily targeting large-scale infrastructure projects.
Average Trading Volume: 6,910,107
Technical Sentiment Signal: Buy
Current Market Cap: HK$102.5B
See more data about 0412 stock on TipRanks’ Stock Analysis page.