Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.
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Zoomlion Heavy Industry Science & Technology Co. has been authorized to repurchase up to 10% of its H Shares, aiming to enhance shareholder value by reducing its registered capital. The repurchase will be conducted at a price below 105% of the average closing price over the previous five trading days. Creditors are invited to assert their claims within 45 days, ensuring their rights remain intact during this capital adjustment.
For further insights into HK:1157 stock, check out TipRanks’ Stock Analysis page.