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The latest announcement is out from Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ).
Shandong Hi-Speed New Energy Group Limited announced that its subsidiary, Heze SH Energy, has entered into an EPC contract with China Energy Engineering No. 2 Construction Co and Zhengchen Technology. This contract, valued at approximately RMB1.01 billion, is aimed at enhancing the company’s power plant assets. The transaction is considered a discloseable and connected transaction under Hong Kong’s Listing Rules, necessitating reporting and shareholder approval procedures. This strategic move is expected to strengthen the company’s position in the energy sector by expanding its asset base, potentially impacting its market presence and stakeholder interests.
More about Shandong Hi-Speed New Energy Group Limited
Shandong Hi-Speed New Energy Group Limited operates in the energy sector, focusing on the development and management of power plant assets. The company is involved in providing engineering, procurement, and construction (EPC) services, which are crucial for the establishment and operation of energy projects.
Average Trading Volume: 417,580
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.83B
See more data about 1250 stock on TipRanks’ Stock Analysis page.