CSR Reduces Stock Sale After Train Crash

SHANGHAI—Chinese train maker CSR Corp. has lowered the amount it seeks to raise from a planned additional share sale by 18% to 9 billion yuan (US$1.4 billion) to reflect the decline in its share price following a deadly train crash in July.

Government-owned CSR, which made the trains involved in the July 23 crash, said on Saturday that it plans to sell 1.96 billion shares at 4.46 yuan apiece to a group of designated investors. The company had initially planned to raise 11 billion yuan …