13.5亿元！山西两千亿国企旗下港股首次发债

Group 1 - The core point of the article is that Shanxi Installation Group Co., Ltd. has received approval from the China Securities Regulatory Commission to issue corporate bonds totaling up to RMB 1.35 billion, marking its first bond issuance since going public [1] - The funds raised from the bond issuance will be used for repaying interest-bearing debts, supplementing operating funds, and project investments [1] - Shanxi Installation is a key state-owned enterprise in Shanxi Province, with total assets of RMB 243.164 billion, and has established a significant position in the engineering services industry, ranking first among professional industrial engineering contractors in Shanxi and fifth nationwide [1] Group 2 - The company was listed on the Hong Kong Stock Exchange on November 22, 2023, becoming the first IPO in the Shanxi construction industry and the second listed company under Shanxi Construction Investment [3] - During its initial public offering, Shanxi Installation issued 330 million shares, raising approximately HKD 727 million, primarily for investment in renewable energy projects and related industry chain layouts [3] - On December 15, 2023, the company announced a further issuance of 40.152 million H-shares, raising about HKD 84.5 million, bringing the total share capital to approximately 1.373 billion shares [3] Group 3 - The share structure includes 1 billion domestic non-listed shares, accounting for 75% of the total, and 333.334 million H-shares, accounting for 25% [5] - Shanxi Construction Investment holds 72.81% of the non-circulating domestic shares, resulting in a "semi-circulating" share structure for Shanxi Installation [5] - The company submitted an application for the overseas listing of its domestic unlisted shares to the China Securities Regulatory Commission, aiming to become the first company in Shanxi to implement full circulation of H-shares [5] Group 4 - Upon completion of the conversion, the circulating shares will increase from 373 million to 1.373 billion, with the total market value expanding from HKD 790 million to HKD 2.91076 billion, based on a share price of HKD 2.120 [6] - The bond issuance is expected to enhance the company's image and reputation in the capital market, boosting investor confidence and establishing a foundation for future fundraising through capital market channels [6]