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Shandong Hi-Speed New Energy Group Plans Strategic A-Share Issue

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Shandong Hi-Speed New Energy Group Plans Strategic A-Share Issue

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An announcement from Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ) is now available.

Shandong Hi-Speed New Energy Group Limited announced a proposed issue of A-shares by its associate, Shandong High Speed Renewable Energy Group Limited, to a subsidiary of its controlling shareholder. This move aims to raise approximately RMB717.63 million to enhance working capital and repay bank borrowings, potentially strengthening the company’s financial position and market competitiveness.

More about Shandong Hi-Speed New Energy Group Limited

Shandong Hi-Speed New Energy Group Limited operates in the renewable energy sector, focusing on investments and developments in sustainable energy projects. The company is part of the larger Shandong Hi-Speed Holdings Group, which has a significant presence in infrastructure and energy industries.

Average Trading Volume: 111,081

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.84B

For a thorough assessment of 1250 stock, go to TipRanks’ Stock Analysis page.

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