It is reported that Sany Heavy Industry obtained approval from the China Securities Regulatory Commission to offer up to 1.54 billion H shares in its initial public offering in Hong Kong.

The plan to list in Hong Kong is currently pending the approval of the Hong Kong Stock Exchange. Of the big three domestic makers of construction machinery, Sany Heavy and XCMG Construction Machinery recently obtained approval to list on the HKEx while Changsha Zoomlion Heavy Industry Science and Technology Development had been listed in Hong Kong since last December.

All the three companies posted good earnings in the first half due to stronger domestic demand for their products.

(Sourced from yicai.com)