HK Stock Market Move | ZOOMLION (01157) falls over 3% on plan to sell approximately 29.99% stake in Shenzhen Roadrover Technology for RMB 899.7 million.

ZOOMLION (01157) fell over 3%, down 3.11% as of press time, at HK$5.295, with a turnover of HK$12.8049 million. On the news front, ZOOMLION 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, pursuant to which the company conditionally agreed to sell, and the acquirer conditionally agreed to purchase 35.988 million sale shares (equivalent to approximately 29.99% of the issued share capital of the target company Shenzhen Roadrover Technology Co., Ltd. (002813.SZ)), for a total cash consideration of RMB 899.7 million. According to the terms of the Share Transfer Agreement, the parties also agreed that: after completion, the offeror will make an offer to all shareholders of the target company to acquire no less than 16.8 million target shares not already owned by the offeror itself and its concert parties at the same price per share as the consideration (or a higher price as required by applicable Chinese law). Once the offer is made, the company intends to submit its 16.8 million target shares (equivalent to approximately 14.0% of the issued share capital of the target company) for pre-acceptance of the offer for acquisition.