Sany Heavy Industry targets $1.6bn in Hong Kong listing to fund global expansion

Lewis Tyler Editor, Demolition & Recycling International
Reuters

22 October 2025

Sany Heavy Industry is seeking to raise up to HK$12.36 billion ($1.59 billion) through a Hong Kong listing, according to a filing on Monday.

The company is selling 580.4 million shares at a price range of HK$20.30 to HK$21.30 each. The final share price is due to be set on Friday, with trading scheduled to begin on October 28.

Around 45% of the funds from the Hong Kong listing are planned for expanding Sany’s…

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