Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.
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Zoomlion Heavy Industry Science & Technology Co. has announced plans to repurchase a portion of its H shares listed on the Hong Kong Stock Exchange, subject to shareholder approval. This move aims to boost investor confidence and enhance earnings per share by canceling the repurchased shares. The buyback proposal allows for the repurchase of up to 10% of the total H shares within a specified period, aiming to improve returns for shareholders.
For further insights into HK:1157 stock, check out TipRanks’ Stock Analysis page.
