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

Source: Securities Times Author: Wen Xingming Xing Yun

Yesterday evening, Sany Heavy Industry (600031) responded positively to the rumors that "it plans to be listed on the Tokyo Stock Exchange in the second half of the year", saying that the company does not have such a plan at present, but the H-share listing plan has not changed, and it is currently waiting for the right time.

Tang Xiuguo, president of Sany Group, said that the original cause of the incident was 62 meters of Sany Heavy Industry last yearPump trucksParticipated in the Fukushima nuclear crisis relief.

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. At that time, there was also a pump truck of the German Putzmeister company, which is the world's *5656 brand in this field, and the successful rescue mission of Sany Heavy Industry's pump truck proved 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 the company to list on the Japanese Stock Exchange.

"We are very grateful for the invitation, but based on the actual situation of Sany, we really have no plans to list on the East Stock Exchange." Tang Xiuguo said.

At the same time, 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 in Hong Kong, but it was suspended due to market fluctuations, and the market once reported that there was a tight situation in Sany's capital chain. However, at the beginning of this year, Sany spent 324 million euros in cash to acquire Putzmeister, which was also involved in the Fukushima rescue, which shows that its cash flow is still sufficient.