SANY(SH:600031) Zheng Quan Shi Bao Wang·2025-10-20 00:40Core Viewpoint - SANY Heavy Industry is set to launch an IPO from October 20 to October 23, 2025, offering 580 million H-shares, with 10% allocated for Hong Kong and 90% for international sales [2] Group 1: IPO Details - The price range for the shares is set between HKD 20.3 and HKD 21.3 per share, with the expected listing date on the Hong Kong Stock Exchange being October 28 [2] - The net proceeds from the offering are estimated to be approximately HKD 11.926 billion [2] Group 2: Company Overview - SANY Heavy Industry is a leading global player in the engineering machinery sector, focusing on products such as excavators, concrete machinery, and cranes [2] - The company ranks as the third largest globally and the largest in China within the engineering machinery industry [2] Group 3: Use of Proceeds - 45% of the proceeds will be used to expand the global sales and service network [2] - 25% will enhance research and development capabilities [2] - 20% will be allocated to expand overseas manufacturing capacity [2] - 10% will be used for working capital [2] Group 4: Investment Support - The company has secured cornerstone investments totaling approximately USD 758 million from several well-known institutions, including Temasek and BlackRock [2]