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RE: LeoThread 2024-10-21 05:25

in LeoFinance4 months ago

The company continued to innovate and expand its product line, launching its first excavator in 2007, which became a best-seller in the Chinese market. In 2010, Sany acquired Putzmeister AG, a German construction equipment manufacturer, for $1.5 billion, further solidifying its position in the global market.

In 2011, Sany listed on the Hong Kong Stock Exchange, raising $1.3 billion in its secondary listing. This move provided the company with additional capital to fuel its growth plans and expand its global presence.