Zoomlion (HKG:1157) extends time for sale of unit


Referring to its proposed disposal of 80% equity interest in Changsha Zoomlion Environmental and Sanitation Machinery Co., Ltd. (ESM) by way of a public tender on Hunan Province United Assets and Equity Exchange, Zoomlion Heavy Industry Science and Technology (HKG:1157) (Zoomlion) said that it received from the exchange on 20 April 2012 a reply letter in respect of the tender transfer. During the notice period, no transfer application was submitted to the exchange by any intended transferee.

Taking into account the fact that the consideration involved in the possible disposal is relatively high and the environmental and sanitation machinery business is rather complicated, intended transferees may need more time to investigate into the proposed sale interest. As such, Zoomlion decided to extend the notice publication period until 27 April 2012 pursuant to the relevant procedures of the exchange. The tender price, the conditions of the tender and the other information contained in the tender notice remain unchanged.


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