Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) made an offer to acquire additional 23.83% of stake in ShenZhen RoadRover Technology Co.,Ltd (SZSE:002813) for approximately CNY 620 million on March 10, 2022. The consideration will be paid from own funds. The number of shares scheduled to be acquired by the tender offer is 28,596,750 shares, accounting for 23.83% of the total share capital of the listed company. After the completion of the tender offer, the acquirer will hold a total of 64,584,000 shares of ShenZhen RoadRover Technology Co.,Ltd, accounting for 53.82% of the total issued shares. The tender offer price is CNY 21.67 per share. The tender offer begin from March 31, 2022 to April 29, 2022. Huatai United Securities Co., Ltd. acted as financial advisor and Fangda Partners legal advisor to Zoomlion Heavy Industry Science and Technology.

Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) completed the acquisition of additional 23.83% stake in ShenZhen RoadRover Technology Co.,Ltd (SZSE : 002813) on April 29, 2022.