New Stock News | Sany Heavy Industry (600031.SH) plans to IPO in Hong Kong. The China Securities Regulatory Commission requires additional explanation on the use of part of the funds raised for expanding overseas manufacturing capabilities and other matters.

Zhixin Finance APP learned that on July 4th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing application (from June 27, 2025 to July 3, 2025), which mentioned the requirement for Sany Heavy Industry (600031.SH) to provide supplementary explanations for the use of some of the raised funds for expanding overseas manufacturing capabilities and other matters. According to the disclosure by the Hong Kong Stock Exchange on May 22nd, Sany Heavy Industry submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC as the sole sponsor.