The construction machinery company Sany Heavy are slated to start marketing a combined $5.5 billion in share offerings next week. Sany Heavy Industry Co Ltd already received approval from the Hong Kong stock exchange's listing committee.
Citic Securities Co Ltd , China's largest publicly traded brokerage, had also received the go-ahead from the exchange and would start marketing its $2 billion Hong Kong offering early next week; Companies have unveiled plans to sell nearly $15 billion of shares this month in Hong Kong, the world's top destination for IPOs for two years running.
Sany Heavy makes construction machinery such as concrete pumps and truck cranes, has hired Bank of America Merrill Lynch , Citigroup Inc and Citic Securities to manage its offering.
The team of nine firms to handle its stock sale, including unit Citic Securities International, CCB International, Bank of America Merrill Lynch and Credit Agricole's CLSA unit.
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