Shandong Hi-Speed Holdings Group Limited (HK:0412) has released an update.
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Shandong Hi-Speed Holdings Group Limited has entered a significant agreement to increase its stake in Shandong Hi-Speed New Energy Group Limited from 43.45% to 56.97%. This move triggers a mandatory unconditional cash offer to acquire all remaining shares and cancel outstanding share options in accordance with the Takeovers Code. The acquisition aims to solidify Shandong Hi-Speed Holdings’ control over its subsidiary, enhancing its position in the energy sector.
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