On 16 December 2015, With Chen Zhongye, Xiong Youqiu and Cai Wenjie as PRC legal counsel for the sponsor, CITIC CLSA Securities, CRCC High-Tech Equipment Corporation Limited (stock code: 1786; short stock name: CRCC Equipment) issued 531.9 million H-shares in Hong Kong Stock Exchange and raised HKD 2.6579 billion.
CRCC Equipment is Asian largest and world's second largest provider of large-size road maintenance equipment by sales revenues. In 2014, CRCC Equipment sold 2200 large-size railway maintenance equipment in mainland China, having 80% market share. Its parent company China Railway Construction Corporation is a public company listed on SHSE and HKSE.