Clifford Chance Advises Sany Heavy Industry on $1.7 Billion IPO in Hong Kong

"Clifford Chance has advised Sany Heavy Industry on its successful $1.7 billion IPO and listing on the Hong Kong Stock Exchange. This marks one of the largest H-share listings of the year, showcasing Sany's growth as a leading global construction machinery company. The firm highlighted the importance of Hong Kong's capital markets for Chinese companies seeking global expansion. Sany, founded in 1994, is the largest construction machinery company in China and has been listed on the Shanghai Stock Exchange since 2003."

**Law Firms Involved:** Clifford Chance and Shanghai He Ping Law Firm assisted Sany Heavy Industry (SANY) in its initial public offering (IPO) and listing on the Hong Kong Stock Exchange. **Transaction Overview:** SANY successfully raised over US$1.7 billion through its IPO and listing on the main board of the Hong Kong Stock Exchange. This transaction is noted as one of the largest H-share listings in Hong Kong for the year, attracting strong support from cornerstone investors. SANY, a leading global player in the construction machinery industry, aims to leverage this capital to accelerate its global expansion. **Legal Team:** The deal was co-led by partners Tim (Chair of China Practice), Jean Thio, and Tianning Xiang. The team from Clifford Chance included: - Lorna Lyu (Head of Capital Markets) - Joy Chen (Senior Associate) - April Zhang (Senior Associate) - Cathy Qian (Associate) - Xiao Tang (Associate) - Daisy Wang (Associate) - Yao Han (Associate) - Cian Fang (Trainee Solicitor) - Qianqian Bai (Trainee Solicitor) - Ruiyi Chen (Trainee Solicitor) The team also included members from Shanghai He Ping Law Firm, contributing to the joint operation in the transaction.

Clifford Chance Advises Sany Heavy Industry on $1.7 Billion IPO in Hong Kong

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