Group 1 - Sany Heavy Industry is conducting an IPO from October 20 to 23, planning to issue 580 million H-shares, with approximately 10% allocated for Hong Kong and 90% for international sales, at a price range of HKD 20.3 to 21.3 per share, aiming to raise up to HKD 12.36 billion [1] - The IPO has seen significant demand, with the international placement being oversubscribed multiple times, leading to an early closure of subscriptions on October 22, and a total subscription amount of approximately HKD 51.36 billion, resulting in a 40.5 times oversubscription for the public offering [1] - Sany Heavy Industry is a leading player in the engineering machinery sector, with its concrete equipment being the global number one brand, and it ranks first in excavators and concrete machinery globally [1] Group 2 - The IPO features a strong lineup of cornerstone investors, with 23 top-tier institutions committing a total of USD 758 million (approximately HKD 58.99 billion), accounting for nearly half of the expected fundraising total [2] - The net proceeds from the IPO will be allocated as follows: approximately 45% for expanding global sales and service networks, 25% for enhancing R&D capabilities, 20% for increasing overseas manufacturing capacity and optimizing production efficiency, and 10% for working capital and general corporate purposes [2]