$1.5billion Share China Machinery Producer Go HK Stock Market

The Machinery Producer makes bulldozers, excavators and heavy trucks, secured approval from the listing committee at Hong Kong's stock exchange on Thursday,

The company joins rival Sany Heavy Industry Co Ltd and about 12 other companies that have announced plans to raise about $11.7 billion in September from share sales in Hong Kong, the world's biggest IPO market for two years running. China International Capital Corp and Morgan Stanley  were hired as joint global coordinators for the deal, with Credit Suisse Group AG, HSBC Holdings Plc, Macquarie Group Ltdand BNP Paribas SA helping to manage the offering.

Source:reuters