China's Sany Heavy Industry moves closer to Frankfurt listing

SHANGHAI : Sany Heavy Industry Co, China's biggest maker of engineering machinery, published a set of revised internal rules on Saturday in preparation for a Frankfurt listing - potentially the first there under a mechanism for cross-border listings and investment.

Sany, which describes itself as the world's third-largest engineering machinery manufacturer, has now revised its shareholder and board discussion rules, as well as articles of incorporation, to meet regulatory requirements as it prepares to issue Global Depositary Receipts in Germany. Sany has not disclosed fundraising targets, or when a Frankfurt listing will happen, only saying in late December that it planned to sell GDRs equivalent to 5 per cent of its share base to fund international expansion.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

China speeds up imports of Australian beef, says industry(Fixes typographical error in headline)By Dominique PattonBEIJING :China's ports have been clearing cargoes of Australian beef within one or two weeks since the start of this year, much faster than the months taken during the last two years, industry participants said on Friday.The latest sign Communist chinese regime failed massively to try ‘teach Australia a lesson’. Ended up shooting themselves on both feet instead. Now the loser comes crawling back…LOL
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

EU leaders agree targeted, temporary support for green industryThis is to ensure Europe’s future as a manufacturing base for green tech products. Read more at straitstimes.com.
출처: STForeignDesk - 🏆 4. / 71 더 많은 것을 읽으십시오 »

South-east Asia’s tech industry slows but is set to growAsean’s economic growth is projected to be above 5 per cent in 2022 and 2023, outperforming China for the first time. Read more at straitstimes.com.
출처: STForeignDesk - 🏆 4. / 71 더 많은 것을 읽으십시오 »