Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ).
Shandong Hi-Speed Holdings Group and Shandong Hi-Speed New Energy Group have announced a connected transaction under which SDHS Linteng will lease a designated area in Linyi City, Shandong Province, to SHNE (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 the two listed companies under HKFRS 16, is treated as a one-off connected transaction under Hong Kong’s Listing Rules, triggering reporting and announcement obligations but exempting the parties from circular and independent shareholders’ approval requirements. The deal strengthens the group’s push into photovoltaic power, supports the expansion of its renewable energy portfolio in Shandong, and underscores the growing role of intra-group asset coordination in scaling its new energy operations while maintaining regulatory compliance for connected transactions.
The most recent analyst rating on (HK:0412) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Shandong Hi-Speed Holdings Group Limited stock, see the HK:0412 Stock Forecast page.
More about Shandong Hi-Speed Holdings Group Limited
Shandong Hi-Speed Holdings Group Limited is a Hong Kong-listed investment holding company with interests in infrastructure, transportation and related services, while Shandong Hi-Speed New Energy Group Limited focuses on clean energy projects including photovoltaic power generation, primarily in mainland China. Both companies operate under the wider Shandong Hi-Speed Group, which holds controlling stakes and uses its platform to develop and operate large-scale infrastructure and renewable energy assets in Shandong Province and beyond.
Average Trading Volume: 93,495,254
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.55B
For an in-depth examination of 0412 stock, go to TipRanks’ Overview page.