The hottest overseas military regiment boosts Sany

Overseas Legion boosts Sany performance

Guide: last Friday, Hunan Sany Heavy Industry Co., Ltd. held the 2010 annual general meeting of shareholders with a history of 510 years. Executives of the company revealed that its overseas expansion plan is progressing smoothly and that Sany India industrial park is expected to be profitable this year. In response to the rumors in the industry that the company plans to issue H shares, senior executives of the company default that they are currently actively preparing for it. Sea

last Friday, Hunan Sany Heavy Industry Co., Ltd. held the 2010 annual general meeting of shareholders. Executives of the company revealed that its overseas expansion plan is progressing smoothly and that Sany India industrial park is expected to be profitable this year. In response to the rumors in the industry that the company plans to issue H shares, senior executives of the company default that they are currently actively preparing for it

overseas expansion is only in "familiar" fields

at the general meeting of shareholders, institutions gathered in the meeting room of Sany administrative center, and many resolutions submitted by the company to the general meeting of shareholders were passed. After the meeting, tangxiuguo, President of Sany Heavy Industry Group, accepted the exclusive interview of this newspaper. It is understood that Sany Heavy industry achieved remarkable results in its overseas business last year, with an operating revenue of 2.131 billion yuan, an increase of 56.81% year-on-year

for the company's overseas expansion, Tang Xiuguo used the words "just started" to summarize. He told that the German and American factories of the company would be put into operation in the second half of this year, and the industrial park in Brazil would complete the construction of phase I project in the first quarter of next year. In order to grasp the market, the company temporarily rented plants in Brazil for production, and the Indian Industrial Park would become the highlight of the company's overseas business this year. "Last year, the Indian Industrial Park has achieved a flat profit and loss, and we expect to start making profits this year." Tang Xiuguo said. In terms of risk prevention, Tang Xiuguo said that Sany will be based on doing "familiar" fields and create economic value for the local area. In addition, the company has established a global procurement chain of parts, which will ensure that the company can control costs well

the H-share offering plan will ensure fairness

last April, Sany announced that it planned to issue H-shares, but so far there has been no news. Recently, there have been constant rumors in the industry about Sany's development of H-shares. Some media said that Sany plans to raise US $2 billion to US $3 billion through IPO in Hong Kong in the first half of this year

the relevant person in charge of Sany Heavy Industry has been cautious about the H-share offering plan. "Everything that should be said about the H-share has been said. Rest assured that Sany will never do anything unfair. The company will not pay more attention to the 15% proportion." In the face of questions about H shares, Tang Xiuguo answered skillfully. As for the price of issuing shares, Tang Xiuguo believes that investors can make an evaluation by referring to the price of the company's A-share, as well as the growth status and profit model

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