SANY(SH:600031) Zhi Tong Cai Jing·2025-10-09 07:57Group 1 - Sany Heavy Industry plans to raise $1.5 billion (approximately HKD 11.7 billion) through a Hong Kong IPO, with investor interest assessment expected to begin next week [1] - The company is anticipated to undergo a listing hearing with the Hong Kong Stock Exchange this week, aiming for a listing in the coming weeks, potentially becoming the largest IPO in Hong Kong this year [1] - Sany Heavy Industry has submitted its listing application to the Hong Kong Stock Exchange, with CITIC Securities acting as the sole sponsor [1] Group 2 - The company specializes in the research, manufacturing, sales, and service of a full range of construction machinery products, including excavators, concrete machinery, cranes, piling machinery, and road machinery [1] - Sany Heavy Industry provides customized products and solutions for various scenarios, including earthworks, public buildings, road and bridge construction, airport runways, building construction, mining operations, energy development, and port logistics [1] - According to Frost & Sullivan, Sany Heavy Industry is the third largest construction machinery company globally and the largest in China based on cumulative revenue from core construction machinery from 2020 to 2024 [1] Group 3 - The company's products have been sold to over 150 countries and regions worldwide, with overseas market revenue expected to account for 62.3% of total revenue in 2024 [1] - Sany Heavy Industry's products are trusted by global customers, participating in several iconic global projects such as the Hong Kong-Zhuhai-Macao Bridge, London Olympic venues, Burj Khalifa, and Beijing Olympic venues [1]