Zoomlion Terminates Spinoff, Shenzhen Listing of Machinery Components Unit

MT Newswires Live

Sep 19, 2024

Zoomlion Heavy Industry Science and Technology's (SHE:000157, HKG:1157) board decided to terminate the spin-off and separate listing of Hunan Zoomlion Intelligent Aerial Work Machinery.

According to a Thursday disclosure with the Hong Kong Exchange, the termination is subject to shareholder approval.

"In light of material changes in market conditions since the inception of the proposed spin-off, the company has decided to terminate the proposed spin-off to effectively safeguard the interests of the company and its investors after full consideration and prudent discussion with relevant parties," Zoomlion said.

In January 2023, Zoomlion said it was exploring a spinoff and Shenzhen listing of its machinery components subsidiary through a share-swap merger with RoadRover Technology (SHE:002813).

Hong Kong-listed shares of Zoomlion closed 3% on Thursday.

Price (HKD): $3.87, Change: $+0.11, Percent Change: +2.93%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2468529531"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2468529531\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2468529531?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-19 17:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468529531","market":"nz","top_or_hot":-1,"title":"Zoomlion Terminates Spinoff, Shenzhen Listing of Machinery Components Unit","media":"MT Newswires Live","content":"<html><body><p> Zoomlion Heavy Industry Science and Technology's (SHE:000157, HKG:1157) board decided to terminate the spin-off and separate listing of Hunan Zoomlion Intelligent Aerial Work Machinery.</p><p>According to a Thursday disclosure with the Hong Kong Exchange, the termination is subject to shareholder approval.</p><p>\"In light of material changes in market conditions since the inception of the proposed spin-off, the company has decided to terminate the proposed spin-off to effectively safeguard the interests of the company and its investors after full consideration and prudent discussion with relevant parties,\" Zoomlion said.</p><p>In January 2023, Zoomlion said it was exploring a spinoff and Shenzhen listing of its machinery components subsidiary through a share-swap merger with RoadRover Technology (SHE:002813).</p><p>Hong Kong-listed shares of Zoomlion closed 3% on Thursday.</p><p>Price (HKD): $3.87, Change: $+0.11, Percent Change: +2.93%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoomlion Terminates Spinoff, Shenzhen Listing of Machinery Components Unit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoomlion Terminates Spinoff, Shenzhen Listing of Machinery Components Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-09-19 17:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Zoomlion Heavy Industry Science and Technology's (SHE:000157, HKG:1157) board decided to terminate the spin-off and separate listing of Hunan Zoomlion Intelligent Aerial Work Machinery.</p><p>According to a Thursday disclosure with the Hong Kong Exchange, the termination is subject to shareholder approval.</p><p>\"In light of material changes in market conditions since the inception of the proposed spin-off, the company has decided to terminate the proposed spin-off to effectively safeguard the interests of the company and its investors after full consideration and prudent discussion with relevant parties,\" Zoomlion said.</p><p>In January 2023, Zoomlion said it was exploring a spinoff and Shenzhen listing of its machinery components subsidiary through a share-swap merger with RoadRover Technology (SHE:002813).</p><p>Hong Kong-listed shares of Zoomlion closed 3% on Thursday.</p><p>Price (HKD): $3.87, Change: $+0.11, Percent Change: +2.93%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0188","symbol_name":"融资融券","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2468529531","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468529531","pubTimestamp":1726739946,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Zoomlion Heavy Industry Science and Technology's (SHE:000157, HKG:1157) board decided to terminate the spin-off and separate listing of Hunan Zoomlion Intelligent Aerial Work Machinery.According to a ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK0188":"融资融券","BK4588":"碎股","BK1171":"建筑机械与重型卡车","BK0012":"证金概念","BK0251":"专用设备","BK0028":"国家队","BK0005":"高端装备制造","01157":"中联重科","BK1548":"重型机械股","BK4023":"应用软件","BK0065":"智能汽车","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK1505":"一带一路","BK0196":"行业龙头","BK0000":"一带一路","000157":"中联重科","002813":"路畅科技","HKD":"尚乘数科","SG9999014674.SGD":"Nikko AM All China Equity A SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK0214":"IT设备","BK0067":"物联网","BK0183":"MSCI概念"},"translate_title":"中联重科终止分拆，机械零部件部门深圳上市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002813":0.9,"01157":1,"HKD":1,"000157":0.9},"content_text":"Zoomlion Heavy Industry Science and Technology's (SHE:000157, HKG:1157) board decided to terminate the spin-off and separate listing of Hunan Zoomlion Intelligent Aerial Work Machinery.According to a Thursday disclosure with the Hong Kong Exchange, the termination is subject to shareholder approval.\"In light of material changes in market conditions since the inception of the proposed spin-off, the company has decided to terminate the proposed spin-off to effectively safeguard the interests of the company and its investors after full consideration and prudent discussion with relevant parties,\" Zoomlion said.In January 2023, Zoomlion said it was exploring a spinoff and Shenzhen listing of its machinery components subsidiary through a share-swap merger with RoadRover Technology (SHE:002813).Hong Kong-listed shares of Zoomlion closed 3% on Thursday.Price (HKD): $3.87, Change: $+0.11, Percent Change: +2.93%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}