Sany Heavy Industry Plans Hong Kong Listing to Raise Up to $1.5 Billion
Chinese manufacturer Sany Heavy Industry is preparing for a Hong Kong listing that could net the company up to $1.5 billion, according to sources familiar with the matter. The sources, who requested anonymity due to the sensitive nature of the information, declined to comment further.
Sany Heavy Industry has not yet released an official statement regarding the potential listing.
The proposed listing would follow a series of recent major IPOs in Hong Kong, including the $5.4 billion initial public offering by Chinese e-commerce giant Alibaba.