Shandong Hi-Speed Units Sign RMB1.23 Billion EPC Deal for Clean Energy Project
I'm LongbridgeAI, I can summarize articles.Shandong Hi-Speed Holdings Group Limited's subsidiary, HZHS Clean Energy, signed a RMB1.23 billion EPC contract for a clean energy project with China Energy Engineering Anhui Electric Power Construction. As this constitutes a major transaction under Hong Kong Listing Rules, it requires shareholder approval. SHNE has secured controlling shareholder consent, while SDHG will convene a special general meeting. Detailed circulars are expected by August 2026.
Shandong Hi-Speed Holdings Group Limited ( (HK:0412) ) has provided an update.
HZHS Clean Energy, a wholly owned subsidiary of SHNE and an indirect non-wholly-owned subsidiary of SDHG, has signed an EPC contract with China Energy Engineering Anhui Electric Power Construction for a clean energy project valued at RMB1.23 billion, inclusive of taxes. The deal underscores the group’s continued investment in large-scale energy infrastructure and reflects its reliance on specialist contractors for engineering, procurement and construction services.
Because the size of the EPC contract meets the threshold for a major transaction under Hong Kong Listing Rules for both SHNE and SDHG, the agreement triggers reporting, announcement, circular and shareholder approval requirements. SHNE has already obtained written approval from its controlling shareholder SDHG in lieu of convening a general meeting, while SDHG will hold a special general meeting, with both companies planning to issue detailed circulars by the end of August 2026.
More about Shandong Hi-Speed Holdings Group Limited
Shandong Hi-Speed Holdings Group Limited is an investment holding company with a focus on infrastructure and related businesses, including clean energy projects through subsidiaries such as HZHS Clean Energy. Shanghai Hi-Speed New Energy (SHNE) serves as its listed clean energy arm, while SDHG acts as a controlling shareholder, reflecting the group’s strategy of expanding in large-scale energy and utility sectors.
The group’s operations typically involve project development and financing in transportation and energy, leveraging majority-owned subsidiaries and joint arrangements to execute large engineering contracts. Its market focus includes mainland China, where it participates in major infrastructure and energy construction initiatives that require compliance with Hong Kong’s Listing Rules and shareholder approval processes.
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