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flag SANY Heavy Industry debuted on Hong Kong's stock exchange on Oct. 28, 2025, raising $759 million to fuel global expansion, digitalization, and green tech.

flag SANY Heavy Industry began trading on the Hong Kong Stock Exchange on October 28, 2025, completing its A+H dual listing after its 2003 Shanghai debut. flag The company issued 632 million H shares at HKD 21.30 each, with a 15% over-allotment option, securing $759 million in commitments from 21 cornerstone investors including BlackRock and Temasek. flag The listing marks a key step in SANY’s global expansion, supporting its strategies in globalization, digitalization, and decarbonization. flag The company, ranked third globally and first in China by construction machinery revenue from 2020–2024, reported 57.4% of its 2025 first-quarter revenue from overseas markets and generated RMB402.5 million in new energy product sales. flag It operates two World Economic Forum-certified Lighthouse Factories and plans to use IPO proceeds for international growth, R&D, and sustainable technology.

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