Sany Heavy Equipment Restructures Connected Transactions Amid Sany Heavy Listing Plans
Reuters
Oct 20
<a href="https://laohu8.com/S/600031">Sany Heavy</a> Equipment Restructures Connected Transactions Amid Sany Heavy Listing Plans
Sany Heavy Equipment International Holdings Co. Ltd. has announced a restructuring of its continuing connected transactions in connection with the potential listing of H shares of Sany Heavy Industry Co., Ltd. on the Hong Kong Stock Exchange. As part of the reorganization, the company will segregate its transactions with the Sany Heavy Group from existing transactions with the broader Sany Group by entering into new agreements. This restructuring involves terminating previous agreements and establishing new continuing connected transaction agreements with both Mr. Liang Wengen and his associates (excluding the Sany Heavy Group) and the Sany Heavy Group. The company stated that this move is solely for the purpose of the possible listing and will not materially impact its financial position or operations.
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