Shanxi Installation Group Co Ltd (Ticker: 2520 HK) is an Engineering and Services company based in China. The company, which began as Shanxi Equipment Installation and Engineering Company in 1955, has transformed into a large state-owned general contracting enterprise. It is the largest installation and construction enterprise in Northwest China and participates in various sectors including engineering design, construction, international labor export, equipment manufacturing, real estate development, and industrial investment. Shanxi Installation Group Co Ltd will list on November 22, 2023, in Hong Kong.

The firm is offering 333.33 million shares at an offer price of HKD 2.18 (USD 0.2791). This values the company at a market capitalization of HKD 2.91 billion (USD 372.14 million) at offer. The total offer size is HKD 726.67 million (USD 93.04 million). The offering is managed by BOCOM International Securities Ltd, CMB International Capital Corp Ltd, China Everbright Securities (HK), Futu Securities International Hong Kong Ltd, Huatai Financial Holdings Hong Kong Ltd, ICBC International Capital Ltd, Shanxi Securities, and Zhongtai International Securities Ltd.