Rout puts US$154b share sales at stake

Beijing

MORE than US$154 billion of share offerings in China are in danger of being shelved as the collateral damage from the nation's stock-market rout spreads.

"Selling new shares now, whether publicly or privately, is like trying to draw blood from a patient who's already looking so weak and pale," said Zhang Qi, an analyst at Haitong Securities Co in Shanghai.

With China unleashing measure after measure to contain the meltdown, Warren Buffett-backed automaker BYD Co and China Railway Group Ltd are among the hundreds of companies staring at follow-on offerings that may no…