According to the latest data from the Hong Kong Stock Exchange, on January 5th, a shareholder of Shanxi Installation (02520) transferred shares from China Merchants Securities to GF Securities Hong Kong. The transferred shares had a market value of HK$255 million, accounting for 29.05% of the holdings.
On December 1, 2025, the application documents submitted by Shanxi Installation to the China Securities Regulatory Commission (CSRC) for the overseas listing of domestic unlisted H-shares (full circulation) were accepted. This makes the company the first Hong Kong-listed firm from Shanxi Province intending to implement an H-share full circulation scheme.
Upon completion of the conversion, Shanxi Installation's tradable shares are expected to increase from 373 million shares to 1.373 billion shares. This will significantly boost the company's tradable share capital and market capitalization, potentially attracting greater attention from investors.
Notably, on December 23rd, Zhuoran Shares announced that its wholly-owned subsidiary, Zhuoran Digital Intelligence, along with Shanxi Installation and two other companies, formally signed a supplementary agreement to amend the "EPC Contract for the 1.2 Million Tonnes Per Annum PBAT Biodegradable Polyester Project of Inner Mongolia Dongjing Zhongke New Material Co., Ltd." (the Inner Mongolia PBAT Project).
The total investment for the Inner Mongolia PBAT Project is RMB 5.5 billion. Once completed, it is set to become the largest single-line PBAT biodegradable polyester production facility in China. Shanxi Installation serves as the EPC contractor for this project, which also marks the company's first contracted PBAT biodegradable polyester project.
Comments