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An announcement from Zoomlion Heavy Industry Science & Technology Co ( (HK:1157) ) is now available.
Zoomlion Heavy Industry Science & Technology Co., Ltd. has announced a proposed issuance of convertible bonds worth up to RMB6 billion, which will be convertible into overseas listed foreign shares. This move, subject to shareholder approval, aims to strengthen the company’s financial position and could potentially enhance its market presence by increasing its capital base.
The most recent analyst rating on (HK:1157) stock is a Buy with a HK$8.50 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 joint stock company incorporated in the People’s Republic of China, focusing on the heavy industry sector. The company is known for producing machinery and equipment, particularly in the construction and agricultural industries.
Average Trading Volume: 9,478,584
Technical Sentiment Signal: Buy
Current Market Cap: HK$73.25B
See more insights into 1157 stock on TipRanks’ Stock Analysis page.