Zoomlion executives are celebrating the successful listing of H-shares.
Deputy Secretary of the CPC Hunan Provincial Committee Mei Kebao (3rd L) and Vice Governor of Hunan Province Chen Zhaoxiong (2nd R)witness the joyful moment.
Deputy Secretary of the CPC Hunan Provincial Committee Mei Kebao (3rd L) and Vice Governor of Hunan Province Chen Zhaoxiong
Zoomlion donates 1 million HKD to the Community Chest of Hong Kong.
Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd. (000157 A. Shenzhen; 1157 H. HK) was listed on the Main Board of Hong Kong Stock Exchange (HKSE), becoming the first listed company that held both A and H shares in Hunan. By 10:28 of the listing day, the share price rose by 5.2% from the IPO price to 15.76 HKD.
Zoomlion is the leading engineering machinery manufacturer in China, providing diversified products, overall value-added services and over 640 types of machines and equipments. A-shares of the company were listed on Shenzhen Stock Exchange on Oct. 12 of 2000.
Approved by HKSE, Zoomlion issued 869 million shares worldwide. 95% of them, about 826 million shares, were issued by international placing, and 5%, about 43.48 million shares, were purchased through IPO at 14.98 HKD per share in HK, raising a fund of 13 billion HKD.
Source: <http://www.enghunan.gov.cn/>