BUZZ-China's Zoomlion jumps on proposal to buy back up to 10% of H-shares

Reuters
2024-10-18

** Hong Kong shares of Zoomlion Heavy Industry Science and Technology jump 14% to HK$5.20, on course to snap three consecutive sessions of decline

** Agricultural equipment maker proposes to repurchase up to 10% of the total number of H shares in issue

** Zoomlion has 1.58 bln H-shares in issue

** Shenzhen stock rises 3.4% to 6.95 yuan

** Hang Seng Commerce & Industry Index rises 2.7% and Hang Seng Index adds 2.1%

** Zoomlion's Hong Kong stock surges 16.7% YTD, Shenzhen shares up 5.4% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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