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. China last year expanded the Shanghai-Lo
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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Read more »
Woes of a healthcare worker: 'We frequently fall ill due to our heavy load of work'Long working hours and manpower woes have taken their toll on healthcare workers, especially after Covid-19 hit Singapore. Read more at stomp.straitstimes.com
Read more »
Heavy snow in Japan disrupts flights and trains, closes roadsTOKYO: Heavy snow across much of Japan on Friday (Feb 10) grounded 100 flights, blocked dozens of roads and disrupted train services, government authorities and operators said. Domestic airlines including ANA, Japan Airlines and others cancelled a total of 100 flights due to the snow as of noon, according
Read more »
Heavy snow in Japan disrupts flights and trains, closes roadsTOKYO - Heavy snow across much of Japan on Friday (Feb 10) grounded 100 flights, blocked dozens of roads and disrupted train services, government authorities and operators said. Domestic airlines including ANA, Japan Airlines and others cancelled a total of 100 flights due to the snow as of noon, according to the land ministry. Parts of 31 highways were closed...
Read more »
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.
Read more »
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.
Read more »