HK Stock Market Move | SHANXI INSTALL (02520) soared nearly 14% on high volume, H shares are fully circulating and have been accepted by the CSRC. The company recently signed a contract for the country's largest biodegradable material project.

SHANXI INSTALL (02520) had a significant increase in trading volume today, with the stock price rising nearly 14% during the trading day. As of the time of writing, the stock had risen by 13.76% to 2.48 Hong Kong dollars, with a trading volume of 2.36 billion Hong Kong dollars. On the news front, on December 1st, SHANXI INSTALL submitted a filing to the China Securities Regulatory Commission for the overseas listing (full circulation) of its domestically unlisted H shares. This makes it the first company in Shanxi Province planning to carry out full circulation of H shares on the Hong Kong stock market. After the conversion is completed, the circulating shares of SHANXI INSTALL will increase from 3.73 billion shares to 13.73 billion shares, significantly increasing the company's circulating share capital and market value, potentially attracting more capital attention. It is worth noting that on December 23rd, Shanghai Supezet Engineering Technology Corp., Ltd. announced that its wholly-owned subsidiary Zhuoran Shuzhi, along with SHANXI INSTALL and three other companies, had officially signed a supplementary agreement to the "Inner Mongolia Dongjing Zhongke New Materials Co., Ltd. Annual output of 1.2 million tons of PBAT biodegradable polyester project general contracting contract" (Inner Mongolia PBAT project). The total investment in the Inner Mongolia PBAT project is 5.5 billion yuan, and once completed, it will become the largest single PBAT biodegradable polyester production line in the country. SHANXI INSTALL will be the EPC general contractor for this project, which is also the first PBAT biodegradable polyester project signed by SHANXI INSTALL.