Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ) has issued an announcement.
Shandong Hi-Speed New Energy Group Limited has entered into a loan contract with Beijing Branch of PingAn Bank, securing a loan of RMB868,334,134.50 for its subsidiary, SDHS Photovoltaic. This transaction, classified as a connected transaction under Hong Kong’s Listing Rules, highlights the company’s strategic financial maneuvering to bolster its photovoltaic operations, reflecting its commitment to expanding its clean energy footprint.
More about Shandong Hi-Speed New Energy Group Limited
Shandong Hi-Speed New Energy Group Limited (SHNE) operates in the renewable energy sector, focusing primarily on photovoltaic energy solutions. It is a subsidiary of Shandong Hi-Speed Group, with a significant market presence in clean energy investments.
Average Trading Volume: 401,935
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.83B
See more insights into 1250 stock on TipRanks’ Stock Analysis page.