Sany Heavy Industry (SHA:600031) is mulling a listing in Hong Kong to raise up to $1.5 billion in the second half of 2025, Reuters reported Tuesday, citing two people familiar with the matter.

The Chinese heavy machinery company has hired Bank of America, JP Morgan Chase, and CITIC Securities (HKG:6030, SHA:600030) to help with the possible offering, the report said.

Sany Heavy Industry is still preparing for the listing and terms of the offering could change, Reuters said.

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