Zoomlion Heavy Industry Science And Technology has fully taken over Hong Kong CIFA, completing equity delivery with other shareholders of the target company on September 9.
The deal indicates that the company solely owns Italy's CIFA, the world No. 3 concrete machinary manufacturer. the company's earnings per share and return on equity are predicted to increase CNY 0.02 and 0.76% after the takeover.
Source:
http://www.sinocast.com/readbeatarticle.do?id=99341
