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The plan for the listing of zoomlion heavy machinery has fallen through. Zoomlion stated that it will not affect the company's existing business.
①Zoomlion plans to terminate the reorganization and listing of its subsidiary Zoomliongaoji with Shenzhen Roadrover Technology. ②Zoomlion stated that the termination of the reorganization project will not affect the production and operation activities of Shenzhen Roadrover Technology and Zoomliongaoji.
Express News | Zoomlion Heavy Industry Science and Technology - Proposes to Terminate Proposed Spin-off
Express News | Zoomlion Heavy Industry Science and Technology Says It Scraps Plan to Spin-off Unit
Zoomlion (000157.SZ) plans to terminate the listing of the spin-off company, Zoomlion High Machinery.
On September 13, Zoomlion (000157.SZ) announced that the company intends to terminate the reorganization and listing of its subsidiary Hunan Zoomlion Intelligent Aerial Work Machinery Co., Ltd. (hereinafter referred to as 'Zoomlion Asia Vets' or the 'target company') with Shenzhen Roadrover Technology Co., Ltd. (hereinafter referred to as 'Roadrover Technology') through reorganization. Since the planning of this reorganization and listing, the company and related parties have actively promoted the work and fulfilled their obligations of information confidentiality and disclosure in accordance with relevant regulations. However, due to the significant changes in the market environment since the initial planning of this reorganization and listing.
Jefferies Sticks to Its Buy Rating for Zoomlion Heavy Industry Science & Technology Co (ZLIOF)
Huaxi Securities: Going abroad and improving efficiency and quality are parallel. The turning point of the performance growth rate of the construction machinery sector is imminent.
In the first half of 2024, the total revenue of the twelve construction machinery companies was 88.1 billion yuan, basically flat year-on-year. Due to the negative export volume of excavators since 2023 Q2, the sector has experienced a downward shift in the growth rate of income for four consecutive quarters, indicating that the inflection point of revenue growth in the sector is imminent.
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