Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ) has provided an announcement.
Shandong Hi-Speed New Energy Group Limited, through its subsidiary Qingdao Shanhui Clean, has entered into an Electricity Sales Agreement with Shandong Luqiao Qingdao Construction. This agreement is part of a series of connected transactions involving the sale of electricity generated by the company’s distributed photovoltaic power stations. The transactions are aggregated under the Listing Rules due to their overlapping terms and related parties, which exempts them from independent shareholder approval but requires reporting and annual review.
More about Shandong Hi-Speed New Energy Group Limited
Shandong Hi-Speed New Energy Group Limited operates in the renewable energy sector, focusing on the generation and sale of electricity through distributed photovoltaic power stations. The company is involved in the clean energy industry and primarily serves designated areas through its subsidiaries.
Average Trading Volume: 217,175
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$3.64B
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