Zoomlion (1157) Completes RMB6 Billion Convertible Bond Issuance Due 2031

Bulletin Express
Feb 05

Zoomlion Heavy Industry Science and Technology Co., Ltd. (1157) announced the completion of its RMB6,000,000,000 (approximately HK$6,745,200,000 based on the fixed exchange rate) USD-settled Convertible Bonds issuance on 5 February 2026. According to the announcement, all conditions precedent under the Subscription Agreement have been fulfilled.

The net proceeds from the issuance are approximately RMB5,942 million (around HK$6,680 million) after deducting fees, commissions, and related expenses. The net proceeds will be applied in accordance with details previously disclosed. Approval has been obtained for the listing of the Conversion Shares, and the listing and dealing in the Convertible Bonds on the Stock Exchange are expected to become effective on 6 February 2026.

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