Shandong Hi-Speed (HKG:0412) completed the sale of 30% of its stake in Nasdaq-listed VNET Group to buyers linked to Contemporary Amperex Technology on Aug. 24.
The company received 30% of the total consideration, which is part of the previously announced $942.2 million sale of its entire VNET stake, according to a same-day Hong Kong bourse filing. The remaining 70% sale is scheduled to close on the agreed closing date.