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Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ) just unveiled an announcement.
Shandong Hi-Speed Holdings Group Limited has announced a change in its presentation currency from Hong Kong dollars (HKD) to Renminbi (RMB) for its consolidated financial statements. This decision aligns with the company’s primary business operations and asset denomination in Mainland China, aiming to provide shareholders and potential investors a clearer understanding of its financial performance. The change will be applied retrospectively, with the first RMB-presented financial statements covering the year ending December 31, 2024, and comparative figures for 2023 being restated in RMB. The company anticipates no material impact on its financial statements due to this currency presentation change.
More about Shandong Hi-Speed Holdings Group Limited
Shandong Hi-Speed Holdings Group Limited operates primarily in Mainland China, focusing on various business sectors. The company is involved in infrastructure development and holds significant assets that are denominated and settled in Renminbi (RMB).
YTD Price Performance: -5.86%
Average Trading Volume: 3,397,552
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$37.8B
For a thorough assessment of 0412 stock, go to TipRanks’ Stock Analysis page.
