5 stories mentioning HKG:0412
Every FINWIRES story that references HKG:0412, newest first.
Shandong Hi-Speed's (HKG:0412) long-term foreign- and local-currency issuer default ratings were affirmed at A- with a stable outlook, according to a Thursday Hong Kong bourse filing.
Shandong Hi-Speed (HKG:0412) entered into a cooperation framework agreement with Nasdaq-listed VNET to collaborate on green energy and data center projects, according to a Wednesday filing with the Hong Kong bourse.Shares of the firm gained over 1% in late-morning trade on Thursday.The companies plan to cooperate on integrated projects involving renewable energy generation, power transmission and distribution, smart load management, and energy storage systems centered on data centers.
Shares of Shandong Hi-Speed Holdings Group (HKG:0412) fell 11% Friday after the company said it was exiting its investment in Nasdaq-listed VNET Group, according to a Hong Kong filing on Thursday.Shandong Hi-Speed will sell its entire equity stake in VNET for $942.2 million to companies linked to battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750).The company holds 650.4 million class A shares of VNET, representing 38.78% of the data center provider's total A shares.Shandong Hi-Speed said it will use proceeds from the sale to repay its debt.
Companies linked to battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750) are looking to purchase a 38.1% stake in Chinese data center operator VNET for up to $942.2 million, according to a Wednesday press release.Units of PJ Millennium LP, whose partner Lochpine BG I is an affiliate of CATL, will purchase 650.4 million class A ordinary shares at $1.4486 apiece from Success Flow International Investment and Choice Faith Group Holdings.Both Success Flow and Choice Faith are beneficially owned by Shandong Hi-Speed Holdings (HKG:0412).Nasdaq-listed VNET operates across 30 cities in China with 7,000 customers.
Shandong Hi-Speed Holdings Group's (HKG:0412) Chairman Li Tianzhang resigned effective Thursday due to work adjustment, according to a same-day Hong Kong bourse filing.The construction and investment company, on the same day, named Kang Jian as its new chair.Kang has been the general manager of Shandong High Speed Sichuan Industrial Development from February 2025 to April 2026.