Machinery Maker Sany Changes Its Hong Kong Listing Plan

(Beijing) -- China's leading heavy machinery manufacturer said on September 10 it is making a major change to its plan for an initial public offering in Hong Kong, changing the listing vehicle to a company owned by a relative of the founder.

Shanghai-listed Sany Heavy Industry Co. Ltd. said in a statement on September 10 it will use a subsidiary called Shanghai Sany Heavy Machinery Co. as a vehicle for the IPO.