Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.
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Zoomlion Heavy Industry Science and Technology Co. has announced plans to scrap the proposed spin-off of its subsidiary due to significant market condition changes. The decision, aimed to protect the interests of the company and its investors, is pending shareholder and board approval. Zoomlion is committed to adhering to disclosure obligations and will keep stakeholders informed as they navigate the termination process.
For further insights into HK:1157 stock, check out TipRanks’ Stock Analysis page.