Zoomlion Says New Products Lift Sales as Letter Raises Doubt
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Zoomlion Heavy Industry Science & Technology Co., seeking to boost investor confidence after an anonymous letter questioned its sales, said business surged last year after it offered new products and hired more people.
“We achieved growth in 2012 because some of our products gained market share.” Zhan Chunxin, chairman of China’s second-biggest construction-equipment maker, told reporters in Guangzhou on Jan. 11. “Zoomlion is a company with integrity.”