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.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Chabaidao shares plummet 27% in HK debut
Analysts blame competition, weak sentiment for Chabaidao's disappointing debut.
Food & Beverage
Prime office rentals in Hong Kong plunge 9.5% YoY in Q1 2024
Overall, the Asia-Pacific region's prime office rental market reported a 3.2% YoY decrease.
Commercial Office