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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.