Home » Business » Manufacturing
Zoomlion inks share deal
Print Edition
ZOOMLION, China’s leading construction machinery producer, has signed a deal worth US$340 million to purchase a majority share in farm machinery maker Chery Heavy.
In deals signed on Tuesday, Zoomlion Heavy Industry Science & Technology Development Co, based in Changsha, purchased 1.8 billion shares, or 60 percent of Chery Heavy Industry Co, for 2.08 billion yuan.
Domestic leading private equity firm Hony Capital bought 600 million shares of Chery Heavy for 696 million yuan.
Zoomlion plans to use the acquisition to help modernize China’s farming equipment, Zhan Chunxin, its chairman, said in Beijing yesterday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
