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The latest announcement is out from Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ).
Shandong Hi-Speed Holdings Group Limited has agreed to dispose of all its shares in VNET Group, Inc. for approximately US$942 million under a share purchase agreement signed on 13 May 2026, with its wholly owned subsidiaries acting as sellers and the buyers assuming joint and several liability. Upon completion, the group will no longer hold any stake in VNET, marking a very substantial disposal under Hong Kong listing rules that requires shareholder approval at a special general meeting.
The company will issue a circular with further details of the transaction by 24 July 2026 and convene a shareholder meeting to vote on the deal, with closing contingent on satisfaction of these and other conditions. Trading in the company’s shares, which was halted on 14 May 2026 pending this announcement, is expected to resume on 22 May 2026, while investors are urged to exercise caution as the disposal may or may not proceed.
More about Shandong Hi-Speed Holdings Group Limited
Shandong Hi-Speed Holdings Group Limited is a Bermuda-incorporated company listed in Hong Kong, with operations that include equity investments and financial holdings. The group actively manages a portfolio of listed and unlisted assets, periodically adjusting its holdings to optimize capital allocation and comply with Hong Kong listing regulations.
Average Trading Volume: 7,871,827
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.04B
See more insights into 0412 stock on TipRanks’ Stock Analysis page.