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Zoomlion Heavy Industry Science & Technology Co ( (HK:1157) ) has shared an announcement.
Zoomlion Heavy Industry Science & Technology Co., Ltd. has successfully completed the acquisition of an 81% stake in Zoomlion Finance and Leasing (Beijing) Co., Ltd., making it a wholly-owned subsidiary. This acquisition, approved by the local financial supervision and administration bureau in Beijing, is expected to consolidate the financial results of the subsidiary into Zoomlion’s financial statements, potentially enhancing its financial performance and market position.
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 major player in the industrial sector, primarily focusing on the manufacture of heavy machinery and equipment. The company is based in the People’s Republic of China and is known for its significant contributions to the construction and agricultural machinery markets.
YTD Price Performance: 46.38%
Average Trading Volume: 9,643,924
Technical Sentiment Signal: Buy
Current Market Cap: HK$79.77B
For detailed information about 1157 stock, go to TipRanks’ Stock Analysis page.