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<IPO>SANY HEAVY INDUS Passes HK Main Board Listing Hearing; CITIC Securities as Sponsor

SANY HEAVY INDUS (600031.SH) has passed the Hong Kong Stock Exchange Main Board listing hearing, ...

SANY HEAVY INDUS (600031.SH) has passed the Hong Kong Stock Exchange Main Board listing hearing, with CITIC Securities as its sole sponsor.

Based on cumulative revenue from core construction machinery products in 2020-24, SANY HEAVY INDUS ranks as the world's third largest and China's largest construction machinery company.

SANY HEAVY INDUS plans to start its pre-listing roadshow this week, aiming to raise USD1-1.5 billion through its Hong Kong IPO, according to sources quoted by foreign media reports.
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