More News
MARKETS & INVESTING | Staff Reporter, Hong Kong
view(s)

Sany Heavy gets IPO approval from CSRC

The Hong Kong stock exchange has yet to greenlight the offering potentially worth $3b.

Meanwhile the China Securities Regulatory Commission has approved Sany Heavy Industry's plan to issue up to 1.54 billion shares in the Hong Kong offering. A Reuters report said the Chinese construction machinery maker aims to seek approval from the Hong Kong stock exchange on 1 September.

"Sany Heavy joins smaller rival XCMG Construction Machinery in tapping investors in Hong Kong for funds," added the report.

View the report here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.