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Zoomlion Heavy Industry Science & Technology Co ( (HK:1157) ) has shared an update.
Zoomlion Heavy Industry Science & Technology Co., Ltd. announced the expiry of the second lock-up period for its Stock Ownership Plan (Phase II), resulting in the unlocking of 30% of A Shares, equivalent to 127,187,029 shares. The company met the required performance targets, with its net profits for 2023 and 2024 showing significant growth, thus allowing the shares to be unlocked. The Management Committee plans to sell the unlocked shares on the market, distributing the proceeds to holders, which reflects positively on the company’s operational performance and strategic planning.
The most recent analyst rating on (HK:1157) stock is a Hold with a HK$5.10 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 based in the People’s Republic of China, operating in the heavy industry sector. It specializes in the manufacturing of construction machinery and equipment, focusing on innovation and technological advancement to maintain its competitive edge in the market.
Average Trading Volume: 11,304,447
Technical Sentiment Signal: Buy
Current Market Cap: HK$76.49B
For an in-depth examination of 1157 stock, go to TipRanks’ Overview page.