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.

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