Zoomlion to Consider H Share Buyback Strategy

Zoomlion Heavy Industry Science & Technology Co (HK:1157) has released an update.

Zoomlion Heavy Industry Science & Technology Co. is set to discuss a mandate allowing the repurchase of up to 10% of its H shares at a price below 105% of the average closing price. This move, set to be decided in a meeting on November 11, 2024, could impact the company’s stock value and shareholder dynamics. Investors will be keen to see how this buyback strategy might influence Zoomlion’s market position.

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