Sany Heavy Industry Pushing Ahead With Share Sales

Sany Heavy Industry is moving forward with its share sales in Hong Kong while XCMG Construction Machinery had its stock sale delayed.

Sany Heavy Industry Co. and Citic Securities Co. are moving ahead with their share sales in Hong Kong despite many other companies having their equity offerings canceled or delayed. So far this year investors have lost money on 37 of the 48 companies which started trading this year.

Estimates say Sany Heavy will raise $3.3 billion with the share sale. 

Meanwhile, XCMG Construction Machinery Co., is one of the many companies whose stock sale has been delayed. The was valued at upwards of $1.5 billion

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