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China's Richest Man Aims to Make Sany Global Player

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Published on Sep 22, 2011

Sept. 23 (Bloomberg) -- Bloomberg's Stephen Engle reports on Sany Heavy Industry Co., the construction-equipment maker backed by China's richest man, Chairman Liang Wengen. Sany postponed a $3.3 billion Hong Kong stock sale amid a global equity rout, according to a person with knowledge of the matter. It's not clear when the sale will now be held, said the person, who declined to be identified because the matter is private. (Source: Bloomberg)

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