"Linklaters Advises on SANY Heavy Industry's $1.72 Billion IPO in Hong Kong"

"Linklaters served as legal counsel for the global offering and listing of H shares for SANY Heavy Industry Co., Ltd. on the Hong Kong Stock Exchange, raising approximately US$1.72 billion. This listing is one of the largest heavy industry IPOs in recent years and the third-largest in Hong Kong this year, attracting significant investment from 23 cornerstone investors. SANY Heavy Industry is a leading global construction machinery company, recognized for its innovation and technology. Linklaters' Greater China ECM team provided comprehensive legal support for this landmark transaction, highlighting Hong Kong's status as a key international capital market."

**Law Firms Involved in the Transaction:** Linklaters acted as the Hong Kong and US counsel for the sole sponsor and other underwriters in the global offering and listing of H shares of SANY Heavy Industry Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. **Transaction Overview:** The transaction raised approximately US$1.72 billion, marking one of the world’s largest heavy industry IPOs in recent years and the third-largest IPO in Hong Kong SAR for the year. The offering attracted significant interest, with 23 cornerstone investors contributing over US$700 million, highlighting strong market recognition of SANY Heavy Industry and reinforcing Hong Kong’s status as a leading international capital market. **Legal Team:** The Linklaters team was led by: - Christine Xu, Partner and Head of Greater China ECM - Oliver Zhong, Special Senior Adviser and New Economy Team Leader (Greater China) - Lipton Li, Capital Markets Partner - Donnelly Chan, Corporate Partner - Queenie Tong, Counsel Additionally, Michael Lamson, Counsel in Litigation, Arbitration & Investigations, provided specialist support on international trade.

"Linklaters Advises on SANY Heavy Industry's $1.72 Billion IPO in Hong Kong"

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