Changes in Hong Kong stocks | Zoomlion Heavy Industries (01157) fell by more than 3% and plans to sell about 29.99% of Luchang Technology's shares for 899.7 million yuan

Zhitong Finance App learned that Zoomlion Heavy Industries (01157) fell by more than 3%. As of press release, it fell 3.11% to HK$5.295, with a turnover of HK$12.8049 million.

According to the news, Zhonglian Heavy Industries announced that on October 13, 2026, the company, the acquirer (Yuanzhuo Angel (Longyou) New Energy Partnership (Limited Partnership)) and Mr. Zhang Wutang signed a “Share Transfer Agreement”. According to this, the company conditionally agreed to sell 35.988 million shares for sale (equivalent to about 29.99% of the issued share capital of the target company Shenzhen Luchang Technology Co., Ltd. (002813.SZ)), with a total cash consideration of RMB 897.7 million.

According to the terms of the “Share Transfer Agreement”, the contracting parties also agree that after delivery, the offeror will make an offer to all shareholders of the target company to buy no less than 16.8 million target shares not owned by the offender himself and his co-actors at the same price as per share (or higher price as stipulated by applicable Chinese law). Once the offer is made, the company intends to submit a pre-offer for acquisition of 16.8 million target shares held by the target company (equivalent to approximately 14.0% of the target company's issued share capital).