New stock news | Shantui Construction Machinery (000680.SZ) Hong Kong IPO approved by China Securities Regulatory Commission

On May 29th, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Shantui Construction Machinery Co., Ltd." Shantui Construction Machinery (000680.SZ) plans to issue no more than 304,440,400 shares of ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. According to the prospectus, based on the data from Frost & Sullivan, Shantui Construction Machinery is the third largest global manufacturer of bulldozers and the largest in China based on sales in 2025. According to the same source, in 2025, based on global revenue of construction machinery products, Shantui Construction Machinery ranks fifth among Chinese construction machinery companies globally. According to the data from Frost & Sullivan, Shantui Construction Machinery holds a market share of 10.2% of the global bulldozer market in 2025, 63.0% of the Chinese bulldozer market, and 0.9% of the global construction machinery market.