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Zoomlion Says It’s Checking Data After Report on Sales

Zoomlion Heavy Industry Science & Technology Co., China’s second-largest maker of construction equipment, denied that it falsified sales as alleged in a news report published May 27.

That article saying sales were improperly accounted for was “distorted” and “misleading,” Zoomlion said in a Shenzhen stock exchange filing yesterday. KPMG and one other auditor signed off on the company’s 2012 financial report, the Changsha, China-based company said in the statement.