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Zoomlion reaches IPO target in Hong Kong sale

Zoomlion reaches IPO target in Hong Kong

Zoomlion recorded a Q3 net income increases of 45%
Zoomlion recorded a Q3 net income increases of 45%

Chinese manufacturer Zoomlion has raised HK$13.03 billion ($1.68 billion) from its Hong Kong share sale.

The sale falls in between the company’s target of raising US$1.57-$2.1 billion from the initial public offering (IPO) in Hong Kong.

At the end of the nine-day roadshow, the deal attracted about 250 institutional investors, primarily from Asia and the US, said analysts.


 

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Construction Week - Issue 754
Nov 23, 2019