Zoomlion Heavy Industry Science and Technology to Scrap Subsidiary's Spin-Off

MT Newswires Live

2024/09/16

Zoomlion Heavy Industry Science and Technology (SHE:000157, HKG:1157) proposed to terminate the spin-off of its subsidiary, Hunan Zoomlion Intelligent Aerial Work Machinery, according to a Sept. 13 filing on the Hong Kong bourse.

The high-tech equipment manufacturer said in the filing that the proposal came amid material changes in market conditions and the termination of the plan will safeguard the interests of the company and its investors.

Price (HKD): $5.75, Change: $-0.12, Percent Change: -2.04%

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