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    1157 — Zoomlion Heavy Industry Science and Technology News Story

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    Brief: Zoomlion Heavy To Spin Off Aerial Work Machine Unit For Float Via Back-Door Listing

    Picture of Zoomlion Heavy Industry Science and Technology logoZoomlion Heavy Industry Science and Technology
    10/07/2023 14:28
    July 10 (Reuters) - Zoomlion Heavy Industry Science and
Technology Co Ltd  000157.SZ :
    * SAYS IT PLANS TO SPIN OFF AERIAL WORK MACHINE UNIT FOR
FLOAT VIA
BACK-DOOR LISTING
    * SAYS SHENZHEN ROADROVER TECHNOLOGY CO LTD  002813.SZ  WILL
BUY
THE AERIAL WORK MACHINE UNIT FOR 9.4 BILLION YUAN  ($1.30
billion) VIA SHARE ISSUE
    * SAYS SHENZHEN ROADROVER TECHNOLOGY AIMS TO RAISE UP TO
3.35
BILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND PROJECT, REPAY
DEBTS
    * SAYS IT WILL BECOME SHENZHEN ROADROVER TECHNOLOGY'S
CONTROLLING
SHAREHOLDER AFTER THE TRANSACTION

    Source text
  
Further company coverage:  000157.SZ 

($1 = 7.2380 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))

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