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The latest announcement is out from Zoomlion Heavy Industry Science & Technology Co ( (HK:1157) ).
Zoomlion Heavy Industry Science & Technology Co., Ltd. has announced the acquisition of a 45% interest in a target company through a sale and purchase agreement with Seller A. The acquisition, valued at approximately RMB904 million, will be funded from Zoomlion’s internal resources. This strategic move is expected to enhance Zoomlion’s market positioning by expanding its shareholder rights and obligations in the target company, although no definitive agreement has been reached regarding the acquisition of an additional interest from Seller B.
The most recent analyst rating on (HK:1157) stock is a Hold with a HK$3.90 price target. To see the full list of analyst forecasts on Zoomlion Heavy Industry Science & Technology Co stock, see the HK:1157 Stock Forecast page.
More about Zoomlion Heavy Industry Science & Technology Co
Zoomlion Heavy Industry Science & Technology Co., Ltd. is a leading construction machinery manufacturer based in the People’s Republic of China. The company offers a wide range of products, including concrete machinery, crane machinery, and agricultural machinery, with a market presence in Asia, Europe, and other regions.
Average Trading Volume: 14,150,110
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$64.22B
Learn more about 1157 stock on TipRanks’ Stock Analysis page.