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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
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