Zoomlion Proposes Asset-Backed Securities and Credit Bonds Issuance

The latest announcement is out from Zoomlion Heavy Industry Science & Technology Co ( (HK:1157) ).

Zoomlion Heavy Industry Science & Technology Co., Ltd. has announced a proposal for its subsidiary, Zoomlion Finance and Leasing (China) Co., Ltd., to register for the issuance of asset-backed securities and credit bonds. This move aims to optimize asset structure and broaden financing channels, with an offer size not exceeding RMB4 billion for asset-backed securities and RMB1 billion for credit bonds. The initiative is expected to enhance the company’s financial flexibility and support its high-quality development objectives.

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 company incorporated in the People’s Republic of China, primarily involved in the heavy industry sector. It focuses on financial leasing, leasing, and the sale of construction and machinery equipment, among other services, through its wholly-owned subsidiary, Zoomlion Finance and Leasing (China) Co., Ltd.

Average Trading Volume: 14,094,465

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$64.22B

See more data about 1157 stock on TipRanks’ Stock Analysis page.