Securities Times: Sany Heavy Industry denied that its plan to list H-shares in Tokyo has not changed

Source: Securities Daily, China Capital Securities Network

In response to the recent rumors of "planning to be listed on the Tokyo Stock Exchange in Japan in the second half of the year", on the evening of March 14, Sany Heavy Industry made a positive response: the company does not have such a plan at present.

"The origin of the matter stems from the 62 meters of Sany Heavy Industry last yearPump trucksParticipated in the Fukushima nuclear crisis relief. Tang Xiuguo, president of Sany Group, said.

In March last year, when the 9.0 magnitude earthquake in Japan triggered the Fukushima nuclear crisis, Sany Heavy Industry donated a 62-meter pump truck to participate in the water injection and cooling work. Japan was deeply touched by this donation, and people from all walks of life praised Trinity's international humanitarian spirit many times. At the third meeting of the Fifth China-Japan Friendship Committee for the 21st Century held in October last year, when Taizo Nishimuro, a member of the Japanese side and former leader of Japan's Toshiba Corporation*5661, was received by Premier Wen Jiabao, the first thing he expressed was his gratitude to Sany for its aid to Japan. Subsequently, Tang Jiaxuan, a member of the Chinese Sitting Committee, also made a special trip to Sany to express his respect and commented: "Sany represents China, and this influence cannot be underestimated. ”

In fact, at that time, the pump truck of the German company Putzmeister, which is the world's *5656 brand in this field, was also injected with water at the site. This time, Sany Heavy Industry's pump truck successfully undertook the rescue mission, proving that "Made in China" is as trustworthy as "Made in Germany", which impressed all walks of life in Japan on the product quality and corporate strength of Sany Heavy Industry, and the Sany brand was also recognized. Since the second half of last year, relevant Japanese officials have heard that Sany Heavy Industry is planning to list H-shares, so they have repeatedly invited them to IPO on the Japanese East Stock Exchange.

"For foreign companies to list in Tokyo, the entry threshold is very high. However, the issuance of H shares of the Company has entered the process, so we have no plans to list in Japan. Tang Xiuguo said.

In fact, another news that has attracted much attention is when Sany Heavy Industry will restart its H-share listing. In the fourth quarter of last year, Sany Heavy Industry promoted the IPO process, but it was suspended due to market fluctuations, and the market once reported that there was a tension in Sany's capital chain. However, at the beginning of this year, Sany spent 324 million euros in cash to acquire Putzmeister, which participated in the Fukushima rescue, which shows that its cash flow is still sufficient.

Regarding when to restart the listing of H-shares, Tang Xiuguo said: "The listing is a matter of course, and there is no definite time point for the time being. At present, the stock market is still relatively weak, and the issue price of H-shares is difficult to reach our psychological level, and the plan for the listing of H-shares has not changed, but we are waiting for a better time. ”