Sany Roadshow Proceeds After $3.3 Billion Share-Sale Delay
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Sany Heavy Industry Co., the construction-equipment maker run by China’s richest man, is pushing ahead with an investor roadshow after delaying its $3.3 billion Hong Kong stock sale.
“We aim to grasp an opportunity when the market turns relatively favorable,” Tang Xiuguo, president of parent Sany Group Co., said today in a phone interview. The company, based in Changsha, Hunan province, intends to complete the roadshow in the U.S. and Europe by the end of the month, he said.