Zoomlion’s Strategic Share Acquisition in Subsidiary

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

Zoomlion Heavy Industry Science & Technology Co., Ltd. has announced its decision to acquire a 0.52% stake in a subsidiary for approximately HK$54.8 million. This strategic move involves purchasing shares from two sellers, with the transaction funded through the company’s internal resources. The acquisition underscores Zoomlion’s ongoing efforts to strengthen its position in the construction machinery sector.

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