SANY(SH:600031) Shang Hai Zheng Quan Bao·2025-10-20 19:26Core Viewpoint - Sany Heavy Industry Co., Ltd. is in the process of issuing H-shares for overseas listing on the Hong Kong Stock Exchange, with the initial public offering (IPO) expected to take place in late October 2025 [1][5]. Group 1: H-Share Issuance Process - The company submitted its application for H-share issuance to the Hong Kong Stock Exchange on May 22, 2025, and published the application materials on the same day [1]. - The China Securities Regulatory Commission confirmed the company's H-share issuance registration on September 30, 2025 [2]. - The company published the H-share prospectus on October 20, 2025, which is available for review on the Hong Kong Stock Exchange website [2][4]. Group 2: Offering Details - The total number of H-shares for global offering is set at 580,424,600 shares, with 58,042,600 shares allocated for public offering in Hong Kong, accounting for 10% of the total [3]. - The price range for the H-shares is preliminarily set between HKD 20.30 and HKD 21.30 [4]. - The public offering in Hong Kong is scheduled to start on October 20, 2025, and end on October 23, 2025, with the issuance price expected to be announced on October 27, 2025 [4]. Group 3: Listing Timeline - The H-shares are anticipated to be listed and commence trading on the Hong Kong Stock Exchange on October 28, 2025 [5].