Sany Heavy Equipment eyes $1 bln HK IPO

2010-07-26 03:22:15 GMT2010-07-26 11:22:15 (Beijing Time) Business China

July 26, Sany Heavy Equipment Co Ltd (Sany 600031.SH) may kick off its Hong Kong listing plan by the end of next month by submiting an application to Hong Kong Stock Exchanges, the 21st Century Business Herald reported citing an Sany source.

According to the source, Sany plans to issue not more thant 282 million shares in Hong Kong to raise up to $1.5 billion. The news shares accounts for around 15% of the company's total shares.

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