SANY HEAVY IND Plans HK IPO for EV Truck Unit, Seeks USD500M
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SANY HEAVY IND is planning a Hong Kong IPO for its electric truck unit, Hunan Xingbida Network Technology, aiming to raise approximately USD 500 million. This move follows reports that rival XCMG Automobile is also considering a similar listing to raise up to USD 500 million. The stock has seen a rise of 6.109% recently, with short selling data indicating a ratio of 3.368%.
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