At the close, Shang Gong Holdings (00412) rose more than 13%, and as of press time, it had risen 13.68% to HKD 6.48, with a turnover of HKD 14.87 million.
According to the CBI APP, Shang Gong Holdings (00412) rose more than 13% in the closing, and as of press time, it rose by 13.68% to HKD 6.48, with a turnover of HKD 14.87 million.
On the news front, on May 28th, Shandong Hi-Speed Group's subsidiary, Shang Gong Holdings Group, successfully priced $900 million, PerpNC3, senior unsecured perpetual bonds on May 23, with the highest subscription multiple reaching 4.8 times and a final subscription amount of more than $4.3 billion, from a total of 280 accounts in Asia, Europe, the Middle East, and Africa, with a coupon rate of 6.5%, and the bond rate narrowed by 45 basis points from the initial guidance price. It is known that this is the first USD perpetual bond issued in Asia (except Japan) since 2024.
As an important overseas investment and financing and industrial holding platform of Shandong Hi-Speed Group, Shang Gong Holdings supports Century Internet in the fields of green computing power, AI data centers, etc. through capital injection and industrial synergy, and collaborates to create an open and shared artificial intelligence ecosystem to promote China's computing power industry to a new level. As early as March 15th, Shang Gong Holdings' subsidiary, SDHS New Energy, signed a big data and new energy framework agreement with Century Internet and the Ulanqab Municipal Government.