Shandong Hi-Speed adds project bids, extends bond book-building

Shandong Hi-Speed Road & Bridge announced a supplementary notice for its third extraordinary general meeting of shareholders in 2025, adding two proposals submitted by Shandong Hi-Speed Investment Holding Co., Ltd. These proposals concern participation in bids for the Weifang-Yiyuan Expressway Section 1 and Weizhou-Changle Link Expressway projects, with estimated contract values of CNY 473,141.16 million and CNY 152,500.00 million, respectively. Both projects involve a construction-and-investment approach, with the company committing to capital contributions not exceeding CNY 67,591.59 million and CNY 21,785.71 million.

The company also extended the book-building period for its first tranche of the 2025 perpetual corporate bonds for professional investors. The period, initially scheduled to close at 18:00 on November 27, 2025, has been prolonged to 19:00 on the same day due to significant market volatility. The final coupon rate for this tranche, with an issuance size of up to CNY 500 million, was determined at 2.36% after market inquiry.

The extraordinary general meeting is scheduled for December 9, 2025, with an equity registration date of December 3, 2025. All other meeting details remain unchanged.