SANY(SH:600031) Xin Lang Cai Jing·2025-10-28 05:16Core Points - Sany Heavy Industry successfully listed on the Hong Kong Stock Exchange on October 28, 2025, raising approximately HKD 134.53 billion through the issuance of 631.5988 million H-shares at a price of HKD 21.30 per share [4] - The IPO was highly oversubscribed, with a public offering subscription rate of 52.93 times and an international offering subscription rate of 13.96 times [4] - The company attracted 23 cornerstone investors who collectively subscribed for USD 758 million (approximately HKD 58.99 billion) of the offering shares [4] Shareholding Structure - After the IPO, the shareholding structure of Sany Heavy Industry includes Liang Wengen holding 2.59% directly and 29.42% through Sany Group, which has a total holding of approximately 31.40% [5][6] - Other A-share shareholders hold 61.67%, while H-share shareholders hold 6.94% [5][6] Company Overview - Founded in 1989, Sany Heavy Industry is a leading global player in the engineering machinery industry, focusing on the research, manufacturing, sales, and service of a full range of construction machinery products [6] - According to Frost & Sullivan, Sany Heavy Industry is the third-largest engineering machinery company globally and the largest in China based on cumulative revenue from core engineering machinery from 2020 to 2024 [6] Stock Performance - As of midday trading, Sany Heavy Industry's stock price was HKD 21.84, reflecting a 2.54% increase, with a total market capitalization of approximately HKD 197.757 billion [7] - The stock opened at HKD 21.30, with a trading volume of 104 million shares and a turnover rate of 17.93% [8] IPO Underwriting Team - The main underwriting team for Sany Heavy Industry's IPO includes CITIC Securities as the sole sponsor and overall coordinator, along with several other financial institutions such as CICC, BOC International, and others [8]