Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Zoomlion Heavy Industry Science & Technology Co. has announced the termination of the proposed spin-off and separate listing of its subsidiary, citing material changes in market conditions. The decision was made to protect the interests of the company and its investors and will not significantly impact Zoomlion’s current operations or future plans. A shareholder meeting will be convened to approve the termination and further details will be provided in a forthcoming circular.
For further insights into HK:1157 stock, check out TipRanks’ Stock Analysis page.
