On August 11, SANY HEAVY IND (06031.HK) declined 4.47% in regular trading, trading at HKD 19.05/share, with turnover of HKD 223 million.

On the news front, the company announced that controlling shareholder SANY Group's 8 billion yuan exchangeable corporate bonds, issued via private placement to qualified institutional investors in 2020, will be delisted on September 14, at which point share conversion will cease. As of the announcement date, SANY Group directly holds 22.38% of shares and holds an additional 4.60% through a pledge account.

Additionally, on August 4, Schroders PLC sold 1.833 million H-shares at an average price of approximately HKD 20.79 per share, totaling approximately HKD 38.11 million, reducing its stake from 7.01% to 6.76%. Earlier in late July, Temasek Holdings also reduced its position by 352,100 shares.

Within the Construction Machinery and Heavy Trucks sector, the overall sector was under pressure. Among individual stocks, WEICHAI POWER down 1.92%, SINOTRUK down 2.96%, TIMES ELECTRIC down 1.62%, SANY INT'L down 3.74%, CIDI-NEW up 3.0%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)