Zoomlion Heavy Industry Science and Technology Co., Ltd. completed the acquisition of 7.51% stake in Zoomlion Heavy Machinery Company Limited from Wuhu Ruitong Investment Company Limited.
January 03, 2015
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Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) entered into share transfer agreement to acquire 7.51% stake in Zoomlion Heavy Machinery Company Limited from Wuhu Ruitong Investment Company Limited for approximately CNY 260 million on December 30, 2014. Zoomlion Heavy Industry will acquire 225.3 million shares of Zoomlion Heavy Machinery for CNY 261.35 million payable in one lump sum by March 31, 2015. For the financial year ended December 31, 2013, Zoomlion Heavy Machinery reported total assets of CNY 8.72 billion, shareholders' equity of CNY 3.6 billion, operating revenue of CNY 3.86 billion and net profits after taxation and extra-ordinary items of CNY 90.66 million.
Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) completed the acquisition of 7.51% stake in Zoomlion Heavy Machinery Company Limited from Wuhu Ruitong Investment Company Limited on January 4, 2015.
Zoomlion Heavy Industry Science & Technology Co., Ltd. specializes in the development, manufacturing and marketing of industrial construction equipment. Net sales break down by family of products and services as follows:
- construction equipment (94.2%): concrete machines, cranes truck, crawler trucks, tower cranes, road machinery and road maintenance machinery (motor graders, road rollers, coating cold milling), rotary drills, earth moving equipment (crawler loaders, bulldozers and excavators), materials handling machines, etc.;
- agricultural machinery (4.1%): harvesters, tillers, cultivators, tractors, drying machines, etc.;
- financial services (1.7%).
China accounts for 94.1% of net sales.
Zoomlion Heavy Industry Science and Technology Co., Ltd. completed the acquisition of 7.51% stake in Zoomlion Heavy Machinery Company Limited from Wuhu Ruitong Investment Company Limited.
ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY CO., LTD. 
