Zoomlion Expands Stake with Strategic Acquisition

Zoomlion Heavy Industry Science & Technology Co ( (HK:1157) ) just unveiled an announcement.

Zoomlion Heavy Industry Science & Technology Co., Ltd. has announced the acquisition of a further 36% interest in a target company, valued at RMB723,240,100. This acquisition, funded through the company’s internal resources, enhances Zoomlion’s stake in the target, potentially strengthening its market position and operational capabilities.

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 diverse range of products, including concrete machinery, crane machinery, and agricultural machinery, with a presence in Asia, Europe, and other regions.

Average Trading Volume: 13,627,076

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$64.31B

For a thorough assessment of 1157 stock, go to TipRanks’ Stock Analysis page.