Zoomlion Heavy Industry (HKG:1157) secured a deal to acquire an additional 36% equity stake in Zoomlion Finance and Leasing (Beijing) from Hunan Dice Venture Capital for about 723.2 million yuan, a Wednesday Hong Kong bourse filing said.
The transaction is part of a broader plan for Zoomlion Heavy Industry to take full ownership of the subsidiary, which engages mainly in the finance leasing business and the provision of insurance agency services.
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