Shandong Hi-Speed Holdings Group Limited Announces Proposed A-Shares Issue

Shandong Hi-Speed Holdings Group Limited and Shandong Hi-Speed New Energy Group Limited have made a joint announcement regarding the proposed issue of A-shares of an associate to a subsidiary of the controlling shareholder Shandong Hi-Speed Group Co. Ltd. The proposed issue is aimed at replenishing the working capital and repaying bank borrowings of the associate, Shandong High Speed Renewable Energy Group Limited.

Key Takeaways:

The Proposed A-Shares Issue involves the issue of not more than 139,888,845 ordinary shares (A-shares) to Shandong High Speed Industrial Investment Co., Ltd., a wholly-owned subsidiary of Shandong Hi-Speed Group Co. Ltd.
The A-shares shall be listed and traded on the Shenzhen Stock Exchange, representing not more than 30% of SHREG's total share capital prior to the Proposed A-Shares Issue.
The shares subscribed by SH Industrial Investment in the Proposed A-Shares Issue shall be subject to a 36-month lock-up period commencing from the issue completion date.
The total proceeds from the Proposed A-Shares Issue, after deducting relevant issue expenses, are expected to be entirely used for replenishing SHREG's working capital and repayment of its bank borrowings.

Statistics:

139,888,845: The maximum number of A-shares to be issued in the Proposed A-Shares Issue.
30%: The maximum percentage of SHREG's total share capital represented by the A-shares issued in the Proposed A-Shares Issue.
RMB717.6298 million: The total proceeds from the Proposed A-Shares Issue, after deducting relevant issue expenses.
36 months: The lock-up period for the shares subscribed by SH Industrial Investment in the Proposed A-Shares Issue.
RMB1: The par value of each A-share issued in the Proposed A-Shares Issue.

Sources:

Shandong Hi-Speed Holdings Group Limited. (2025, July 16). Joint Announcement. [PDF] Retrieved from https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0716/2025071601177.pdf