Shandong Hi-Speed New Energy Initiates Share Buyout

Shandong Hi-Speed New Energy Group Limited (HK:1250) has released an update.

Shandong Hi-Speed New Energy Group Limited has announced the completion of a sale and purchase agreement, leading to a mandatory unconditional cash offer for all its issued shares. The Offeror, holding approximately 56.97% of the company’s shares, will also make a cash offer to cancel outstanding share options. The related documents and offers are expected to be dispatched by 28 January 2025.

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