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Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ) just unveiled an update.
The announcement details the conclusion of a mandatory unconditional cash offer by Huatai Financial Holdings on behalf of Shandong Hi-Speed Holdings Group Limited to acquire all issued shares and cancel outstanding share options of Shandong Hi-Speed New Energy Group Limited. The offer, which closed on February 18, 2025, resulted in 13 valid acceptances, covering approximately 3.69% of the company’s issued share capital, totaling a consideration of HK$147,626,991.36. The settlement process follows the guidelines of the Takeovers Code, with remittances to be dispatched to shareholders within seven business days.
More about Shandong Hi-Speed New Energy Group Limited
Shandong Hi-Speed New Energy Group Limited is involved in the energy sector, focusing on new energy solutions. Its primary market focus is on innovative energy solutions and related services.
YTD Price Performance: 0.57%
Average Trading Volume: 751,544
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$3.95B
See more data about 1250 stock on TipRanks’ Stock Analysis page.
