Most popular Zoomlion repurchased more than 12mill

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Zoomlion repurchases more than 12million A shares for the first time, showing confidence in future performance

Zoomlion repurchases more than 12million A shares for the first time, showing confidence in future performance

2 to create a kind of company that can effectively absorb dust particles and carbon dioxide. Recently, the company passed the national approval of prototype masks. China Construction machinery information

recently, Zoomlion issued the announcement on the first implementation of repurchasing some A-share social public shares. The announcement shows that the number of shares repurchased by the company is 12.3348 million shares, accounting for 0.16% of the total share capital of the company. The highest transaction price is 4.32 yuan/share, the lowest price is 4.21 yuan/share, and the total transaction amount is 53.2864 million yuan (including stamp duty, commission and other transaction costs)

this repurchase of some A shares is based on the proposal on repurchasing some A-share social public shares considered and adopted during the 2015 annual general meeting of shareholders, the A-share general meeting, and the H-share general meeting held on June 30, 2016, which otherwise would easily cause machine failure and personal injury, as well as the report on repurchasing some A-share social public shares disclosed on November 18, 2016

for this repurchase, Zoomlion said that the repurchase of shares was mainly due to the fact that the company believed that the current share price could not correctly reflect the value of the company and could not reasonably reflect the actual operation of the company. In order to safeguard the interests of the majority of shareholders, enhance the confidence of investors and the market, and based on the recognition of the company's value and optimistic about future performance, the company decided to implement repurchase

since the shareholders' meeting last year, the issue of when Zoomlion will carry out stock repurchase has become the focus of continuous attention of investors. In response to this problem, Zoomlion said that since the beginning of the second half of last year, the company began to implement the transaction of transferring the controlling rights of environmental industry companies, and according to the rules of Shenzhen Stock Exchange, the company cannot implement the repurchase plan before the disclosure of sensitive information. This week, the company announced the transfer of the controlling interest of the environmental industry company, which provided the company with the policy environment for repurchase. Therefore, it decided to repurchase some A shares immediately after the transaction announcement. "In the future, we will also seriously study how to implement the repurchase plan more efficiently."

recently, Zoomlion transferred 80% of the controlling equity of the environmental industry company for 11.6 billion. The funds sold this time may be used to digest the early asset burden and realize the light loading of the construction machinery sector. 2. In the first quarter of 2017, thanks to the recovery of the construction machinery industry, the revenue of Zoomlion's construction machinery sector increased by more than 100% year-on-year. With the acceleration of rural land circulation and the promotion of smart agriculture, the agricultural machinery sector will also usher in a new round of growth. At the same time, driven by the "the Belt and Road" initiative, the company will also continue to cultivate overseas markets, and its profitability is expected to improve significantly in 2017

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