Shandong Hi-Speed New Energy Inks Connected Lease Deal to Develop Solar Project in Shandong

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

Shandong Hi-Speed New Energy Group and its parent-related entity Shandong Hi-Speed Holdings Group have entered into an intragroup cooperation agreement under which SDHS Linteng will lease a designated area in Linyi City, Shandong Province, to Shandong Hi-Speed New Energy (Shandong) for the construction and operation of photovoltaic power generation projects. The lease, recognised as a right-of-use asset of about RMB51.3 million for each of Shandong Hi-Speed New Energy and Shandong Hi-Speed Group under HKFRS 16, constitutes a one-off connected transaction that falls within Hong Kong Listing Rules reporting and announcement thresholds but is exempt from circular and independent shareholders’ approval requirements, underscoring the group’s continued expansion of its solar power footprint through related-party land arrangements within the SDHS corporate network.

The most recent analyst rating on (HK:1250) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Shandong Hi-Speed New Energy Group Limited stock, see the HK:1250 Stock Forecast page.

More about Shandong Hi-Speed New Energy Group Limited

Shandong Hi-Speed New Energy Group Limited operates in the renewable energy sector, focusing on the development, construction and operation of photovoltaic power generation projects and solar power plants, primarily in mainland China. The group is part of the wider Shandong Hi-Speed (SDHS) state-owned conglomerate, which holds a controlling stake and uses its infrastructure footprint in Shandong Province to support the build-out of clean energy assets.

Average Trading Volume: 1,709,611

Technical Sentiment Signal: Hold

Current Market Cap: HK$4.25B

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