The Chinese company Sany Heavy Industry Co., Ltd. plans to raise $1.5 billion through a stock offering in Hong Kong. This is reported by foreign media.
Sany Heavy intends, with the participation of consultants, to evaluate the placement of shares in terms of investor interest next week. The company has already received CSRC approval for listing in Hong Kong.
Citic Securities Co. and China International Capital Corp. They act as coordinators of the Sany Heavy listing, which will become one of the largest in the Hong Kong market in 2025 with total revenue of over $26 billion.
Sany Heavy Industry is a Chinese manufacturer of heavy equipment, road construction, loading and special equipment. The headquarters is located in Changsha, China. In 2024, the company's profit amounted to $856 million.
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