Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Zoomlion Heavy Industry Science & Technology Co. has been authorized to repurchase up to 10% of its H Shares, aiming to enhance shareholder value by reducing its registered capital. The repurchase will be conducted at a price below 105% of the average closing price over the previous five trading days. Creditors are invited to assert their claims within 45 days, ensuring their rights remain intact during this capital adjustment.
For further insights into HK:1157 stock, check out TipRanks’ Stock Analysis page.