Shandong Hi-Speed Units Sign RMB1.2 Billion EPC Deal for New Project

Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ) has provided an update.

Shandong Hi-Speed New Energy Group and Shandong Hi-Speed Holdings have jointly announced that Heze SH, their shared project subsidiary, has signed an engineering, procurement and construction contract worth about RMB1.2 billion with two Chinese contractors. The deal covers EPC services for a specified project and reflects the groups’ continued expansion in large-scale infrastructure and new energy development.

For SHNE, the size of the EPC contract qualifies it as a major transaction under Hong Kong listing rules, triggering disclosure, circular and shareholder approval requirements. SDHG, as SHNE’s controlling shareholder with about 57% of its shares, has already provided written approval, allowing SHNE to dispense with a general meeting, and a detailed circular on the contract is expected to be issued by 24 April 2026.

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 an investment holding company with interests in infrastructure, transportation and related services, while Shandong Hi-Speed New Energy Group Limited focuses on new energy projects. Both are listed in Hong Kong and use project subsidiaries, such as Heze SH, to develop and operate large-scale infrastructure and energy assets.

Average Trading Volume: 12,306,374

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$8.67B

For detailed information about 0412 stock, go to TipRanks’ Stock Analysis page.