Zoomlion Unlocks Shares After Meeting Profit Targets
Company Announcements

Zoomlion Unlocks Shares After Meeting Profit Targets

Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.

Zoomlion Heavy Industry Science & Technology Co. has announced the successful unlocking of 40% of its A Shares as part of its Stock Ownership Plan (Phase II), following the fulfillment of performance targets for FY2023. The company reported a net profit growth of over 40%, aligning with the conditions required for the release of these shares. This development is set to distribute sale proceeds to plan holders, potentially boosting investor interest in Zoomlion’s stock.

For further insights into HK:1157 stock, check out TipRanks’ Stock Analysis page.

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