Sany Heavy Industry to list h-shares on Hong Kong exchange in October 2025

Sany Heavy Industry Co., Ltd. (SSE:600031) announced that its H-shares will commence trading on the Main Board of The Stock Exchange of Hong Kong Limited on October 28, 2025. The company's H-share stock will be known as "SANY HEAVY IND" with stock code "6031". This move involves a global offering of 631,598,800 H-shares prior to any over-allotment option exercise. Of these, 58,042,600 shares (9.19%) are allocated for the Hong Kong Public Offering, with the remaining 573,556,200 shares (90.81%) for the International Offering.

Based on an H-share offer price of HK$21.30 per share, and assuming no over-allotment option is exercised, Sany Heavy Industry anticipates net proceeds from the global offering to be approximately HK$13.07 bn, after deducting underwriting commissions and estimated expenses.

Following the listing, the total share capital of Sany Heavy Industry will increase from 8,474,390,037 shares to 9,105,988,837 shares if the over-allotment option is not exercised, or 9,200,728,637 shares if fully exercised. Consequently, the proportion of A-shares will decrease from 100.00% to 93.06% (without over-allotment) or 92.11% (with over-allotment), while H-shares will constitute 6.94% or 7.89% of the total share capital, respectively.