600350 Shandong Hi-speed
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Shandong Hi-speed News
Express News | Shandong Hi-speed: In 2024, technology innovation enterprise bonds (first tranche) will be publicly issued to professional investors, with an issue amount not exceeding 1 billion yuan.
Express News | Fitch Ratings has granted a final rating of A- to Shandong Hi-speed's $900 million perpetual securities.
Anju Group's arbitration application for revocation was rejected and it needs to pay 8 billion yuan to Shandong Hi-Speed Group.
On ****, Gelunhui reported that Shandong Hi-speed Group announced that its subsidiary investment holding company, resource development group, and Changying Jincheng had received a civil ruling from Beijing No. 4 Intermediate People's Court on May 31, which rejected Anju Group's application. Previously, the three subsidiaries of Shandong Hi-speed Group had submitted arbitration applications to the China International Economic and Trade Arbitration Commission (referred to as "ITC") as applicants, requesting that Shenzhen Anju Group Co., Ltd. (referred to as "Anju Group") pay a total principal of 8 billion yuan for the equity transfer payment, plus related fees such as interest and overdue payment default. In April 2024, Anju Group
Shandong Hi-Speed Embraces Digital Transformation
Shandong Hi-Speed Completes Key Repurchases
Shandong Expressway Group successfully priced US$900 million perpetual bonds, making it the first US dollar perpetual bond in Asia (excluding Japan) so far in 2024
On May 28, Shangao Holding Group Co., Ltd., a subsidiary of Shandong Expressway Group Co., Ltd., successfully priced US$900 million, PerpNC3, non-secondary guaranteed perpetual bonds on May 23. The maximum subscription multiplier reached 4.8 times, and the final subscription amount exceeded US$4.3 billion. There were a total of 280 accounts from Asia, Europe, the Middle East and Africa. The coupon rate was 6.5%, and the bond interest rate narrowed 45 basis points from the initial guide price. According to reports, this is the first US dollar perpetual bond issued in Asia (excluding Japan) since 2024.
Shandong Hi-Speed New Energy Logs 5.5% Boost in April Power Output
Shandong Hi-Speed New Energy Group (HKG:1250, SHA:600350) recorded power output of around 577,194 megawatt-hours in April, up 5.5% from the year-ago period, a May 24 filing on the Hong Kong bourse sai
Shandong Hi-Speed Reports Power Generation Growth
Shandong Express issues US$900 million perpetual securities with a coupon rate of 6.50%
Shandong Hi-Speed Group Co., Ltd. (Shandong Hi-Speed Group Co., Ltd., “Shandong Express”, Moody's: A3 Fitch: A) issues Reg S, non-secondary guaranteed perpetual notes denominated in US dollars. ()
Shandong Expressway plans to issue PNC $3 perpetual securities with a final guide price of 6.50%
Shandong Hi-Speed Group Co., Ltd. (Shandong Hi-Speed Group Co., Ltd., “Shandong Express”, Moody's: A3 Fitch: A) intends to issue Reg S, non-secondary guaranteed perpetual notes denominated in US dollars. (FPG)
Shandong Hi-Speed New Energy Group to Set Up Research Facility
Shandong Hi-Speed New Energy Group (HKG:1250, SHA:600350) will establish a research center for integrated transport and energy with Beihang University, according to a Wednesday filing with the Hong Ko
Shandong Expressway plans to issue PNC3 US dollar perpetual securities with an initial guide price of 6.95%
Shandong Hi-Speed Group Co., Ltd. (Shandong Hi-Speed Group Co., Ltd., “Shandong Express”, Moody's: A3 Fitch: A) intends to issue Reg S, non-secondary guaranteed perpetual notes denominated in US dollars. (IPG)
Shandong Hi-Speed Launches New Research Centre
Moody's: Grants Shandong Expressway to issue US dollar perpetual securities with an “A3” advanced unsecured rating
On May 17, Moody's granted Coastal Emerald Limited (Coastal Emerald) a senior unsecured rating of “A3” for its proposed issuance of US dollar perpetual securities. The perpetual securities will be provided by Shandong Hi-Speed Group Co., Ltd. (Shandong Hi-Speed Group Co., Ltd., “Shandong Expressway” A3 Stable) with an unconditional and irrevocable guarantee representing the unsecured, non-subordinated debt of Shandong Expressway.
Shandong Expressway plans to issue non-subprime US dollar perpetual notes to hold an investor conference call next Monday
Shandong Hi-Speed Group Co., Ltd. (Shandong Hi-Speed Group Co., Ltd., “Shandong Express”, Moody's: A3 Fitch: A) intends to issue Reg S, non-secondary guaranteed perpetual notes denominated in US dollars. ()
A subsidiary of Shangao New Energy (01250) plans to invest 24 million yuan to establish a joint venture with Shandong Hi-Speed New Energy Development
Shangao New Energy (01250) issued an announcement. On May 14, 2024 (after the trading session), Yingyu Hong Kong (...
Huachuang Securities: Multiple factors put slight pressure on the highway industry's 24Q1 performance, emphasizing the logic of searching for dividend assets to enhance
The Zhitong Finance App learned that Huachuang Securities released a research report saying that due to multiple factors, the highway industry's 24Q1 performance was slightly pressured, but this did not affect full-year expectations, and emphasized the logic of searching for dividend assets to enhance. In 2024, under the steady, moderate and positive trend of domestic and foreign economies, bus and truck traffic is expected to continue to grow steadily. Furthermore, the “Administrative Measures on Infrastructure and Public Utility Franchises” have been implemented since May 1 this year. It is recommended to pay attention to whether the toll road policy will change in the future. At the same time, the effectiveness of dividend asset investment strategies will continue to be effective for a long time to come. It is based on the entry of more high-quality assets into a business that values dividend returns
Express News | Shandong Expressway Group plans to issue US dollar perpetual bonds as early as this month.
SHANDONG HI-SPEED(600350):1Q24 RESULTS MISS; TOLL REVENUE UNDER SHORTTERM PRESSURE
1Q24 results miss our expectationsShandong Hi-speed announced its 1Q24 results:
Grand Duke: Follow the receipt of the “Notice of Response” by Shandong Expressway Group and the progress of major asset sales, transfers or major investment practices
Dagong is aware that on April 26, 2024, Shandong Expressway Group Co., Ltd. issued the “Notice of Shandong Expressway Group Co., Ltd. on Receipt and Progress of Major Asset Sales, Transfer or Major Investment Activities”. According to the “Notice”, the impact of this case on the Shandong Expressway will be judged based on the court's final ruling, actual implementation, etc., and Shandong Expressway and related units will actively respond to the lawsuit in accordance with the law, protect their legitimate rights and interests, and promptly disclose subsequent developments in accordance with relevant regulations. The Grand Duke will continue to monitor the progress of the above matters and keep in touch with Shandong Expressway to closely monitor the possible subsequent impact of these matters on their credit standards
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