China’s Sany Heavy Industry looks to raise up to $1.59 billion in HK listing

(Reuters) -Chinese manufacturer Sany Heavy Industry  is seeking to raise as much as HK$12.36 billion ($1.59 billion) in its Hong Kong listing, according to a filing with the exchange made on Monday.

The company is offering 580.4 million H shares under listing, for a maximum offer price of HK$21.30 apiece.

($1 = 7.7669 Hong Kong dollars)

(Reporting by Rishav Chatterjee in Bengaluru; editing by Diane Craft)