Zoomlion Buys Back 45% Stake in Leasing Unit for 904 Million Yuan

MT Newswires Live

May 29, 2025

Zoomlion Heavy Industry (HKG:1157) will acquire a 45% stake in one of its former subsidiaries for 904 million yuan in cash, the company disclosed in a Wednesday filing to the Hong Kong Exchange.

The stake is currently held by a firm majority-owned by the Hunan provincial government and a significant shareholder in Zoomlion.

This acquisition will increase Zoomlion's ownership in the finance leasing and insurance unit from 19% to 64%, regaining majority control. The purchase price is based on an independent appraisal and will be funded from the company's internal resources.

Zoomlion fully owned the unit until mid-2021, when it sold the stakes to the current owners.

The company said the deal will help better integrate its equipment and financial services, improve digital business management, and reduce related-party transactions. The unit mainly leases Zoomlion's tower cranes.

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The purchase price is based on an independent appraisal and will be funded from the company's internal resources.</p><p>Zoomlion fully owned the unit until mid-2021, when it sold the stakes to the current owners.</p><p>The company said the deal will help better integrate its equipment and financial services, improve digital business management, and reduce related-party transactions. 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