Sany Heavy Delays $3.3B HK Share Sale

China’s Sany Heavy Industry Co. has delayed its $3.3 billion Hong Kong share offering because of falling global markets, Reuters reports. China’s biggest construction machinery maker has not fixed a new date for the sale.

Sany Heavy was looking to sell 1.34 billion shares at $2.06 to $2.48 each. Bank of America Merrill Lynch, Citic Securities Co. and Citigroup were to jointly coordinate the offering.

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