High Speed Transmission and Management Sell Up to $425 Million of Shares
China High Speed Transmission Equipment Group Co. and its management are selling up to $424.7 million shares, according to an e-mail sent to fund managers. China High Speed is offering 130 million new shares at HK$16.65 to HK$17.65 each. Its management shareholders are selling 57 million existing shares at the same price, according to the e- mail.
Goldman Sachs Group Inc. is managing the sale. Eddie Naylor, a Hong Kong-based spokesman for Goldman Sachs, declined to comment.