No. * Financial Daily: Sany Heavy Industry: H-share issuance plan has not changed and has not yet considered listing in Japan

Source: *5656 Financial Daily

According to Japanese media reports on the 13th, Sany Heavy Industry (600031. SH) is in talks with the Tokyo Stock Exchange to apply for a listing in Tokyo this fall in order to strengthen its presence in Japan.

In response to the above rumors, the relevant person in charge of Sany Heavy Industry told *5656 Financial Daily that the company has no plans to list in Japan for the time being, and at the same time, the company's plan to issue H shares has not changed, and it will be at the right time
 

It is not yet under consideration for release in Japan

A number of domestic websites yesterday relayed Japanese media sources that Sany Heavy Industry is applying to the Tokyo Stock Exchange for the issuance of shares. The report quoted sources as saying that Sany Heavy Industry hopes to be listed in Hong Kong in April or May this year, and listed on the Japanese Stock Exchange in the second half of the year. But an executive at the East Stock Exchange did not comment on the news.

According to the above report, this will be another important step in the internationalization of Sany Heavy Industry after the acquisition of the German "Elephant", directly entering Japan and competing directly with giants such as Komatsu.

For Sany Heavy Industry, the Japanese market has a very special position, there are no direct competitors like Komatsu, at the same time, this company makes huge purchases in Japan every year, and many of the company's R&D personnel are from Japan. After the "3.11" earthquake in Japan, Sany Heavy Industry provided a 62-meter aid to the Japanese sidePump trucks, which participated in the rescue work of the Fukushima*5656 nuclear power plant where the nuclear leak occurred. This action is also interpreted by the market as Sany Heavy Industry's intention to break into the hinterland of construction machinery manufacturing giants such as Komatsu.

However, Sany Heavy Industry denied the news about the Japanese listing. Since Xiang Wenbo, president of Sany Heavy Industry, was in Beijing to attend the "two sessions" and was not interviewed by reporters, the relevant person in charge of the company relayed Xiang Wenbo's views to this reporter: The company currently has no plans to issue shares in the Japanese securities market. There will be such rumors, probably because the Japanese ambassador mentioned this matter during his visit to Sany Heavy Industry Corporation. At that time, the ambassador and his entourage expressed their gratitude to Sany Heavy Industry for its assistance after the earthquake in Japan last year, and hoped that Sany Heavy Industry could invest in Japan and be listed on the Japanese stock exchange. Later, the Japanese side made such expressions many times. However, at present, Sany has not had any substantive contact with relevant Japanese institutions on the issue of listing in Japan.

The H-share issue plan remains unchanged

While denying the news of landing in the Japanese capital market, Sany Heavy Industry confirmed to this reporter that the company's H-share issuance plan has not changed.

Previously, Sany had planned to issue H shares in Hong Kong last year, with an estimated *5661 fundraising scale of HK$26 billion, during which it was rumored to be listed on the Hong Kong Stock Exchange in October 2011, but later due to the market downturn, this plan had to be postponed.

Not long ago, Xiang Wenbo said when talking about the H-share issuance plan that it is not the time to issue H-shares *5654, and the company will have to wait for a reasonable price before going public. At the same time, he said that the company is not in a hurry for the issuance of H shares, because this move is not as speculated by the outside world is due to the hunger for funds, "Sany is not short of money, the main purpose of issuing H shares is to fit the company's globalization strategy, enhance the company's international visibility and brand influence, and now the market is not good, and it is not a bad thing to suspend H-share financing." ”

Last month, it was reported that Sany Heavy Industry will restart its listing in Hong Kong in the first half of this year, planning to raise $3.3 billion. Once successful, it is expected to be Hong Kong's IPO fundraising project of *5655 this year. According to the information learned by this reporter, this plan will be completed as soon as the second quarter of this year.

Sany Heavy Industry's 2011 performance forecast shows that last year's net profit increased by 50% ~ 60% year-on-year, and the net profit was 5.615 billion yuan. Xiang Wenbo recently revealed that in 2011, Sany Group achieved sales revenue of about 80 billion yuan and net profit of more than 10 billion yuan.