This article only represents the author's own views.
Chinese stocks are on a tear. Prices of commodities like metals are on a firm upswing.
Put these two together, and it may sound like a no-brainer that Chinese makers of mining equipment should be investor darlings now. But reality isn’t that simple, as Lingong Heavy Machinery Co. Ltd. shows on its newly launched journey to a Hong Kong IPO. If anything, the company may be a cautionary tale of how business diversification can sometimes backfire.
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