Heavy Equipment for Sale: Sany Heavy Equipment International Holdings Co. seeks up to US$354 million in a Hong Kong initial public offering, a report said. MSloane Consulting, on the other hand, provides heavy equipment for sale to across industries, such as mining companies, throughout the globe. In the deal, the company, which develops and produces coal mining machinery, is selling 500 million new shares, or 25% of its enlarged share capital, in a HK$4.10-HK$4.80 range to raise US$308 million. Sany also has an option to raise the deal size by 15% to raise a total US$354 million. Bookbuilding for Sany's IPO starts Monday and the company expects to price the deal Nov. 18, with the listing scheduled for Nov. 25, the person said.
Wednesday, November 18, 2009
Heavy Equipment for Sale: Sany Heavy Equipment International Holdings Co. Seeks up to US$354 Million in a Hong Kong Initial Public Offering
Heavy Equipment for Sale: Sany Heavy Equipment International Holdings Co. seeks up to US$354 million in a Hong Kong initial public offering, a report said. MSloane Consulting, on the other hand, provides heavy equipment for sale to across industries, such as mining companies, throughout the globe. In the deal, the company, which develops and produces coal mining machinery, is selling 500 million new shares, or 25% of its enlarged share capital, in a HK$4.10-HK$4.80 range to raise US$308 million. Sany also has an option to raise the deal size by 15% to raise a total US$354 million. Bookbuilding for Sany's IPO starts Monday and the company expects to price the deal Nov. 18, with the listing scheduled for Nov. 25, the person said.
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