Zoomlion proposes to issue H-Shares to promote globalization strategy (MAP)

After the successful acquisition of the international engineering machinery giant Italian CIFA company, Zoomlion (000157) internationalization strategy has taken another big step. The company announced today that it intends to issue shares of overseas listed foreign shares (hereinafter referred to as H-shares) and listed on the main board of the Hong Kong stock Exchange.　　At the same time, the company decided to be part of the accumulated profits as at June 30, 2010 to all shareholders 10 shares to send Red shares 15 shares, every 10 shares of cash 1.7 yuan. Zoomlion announced that the number of H-shares to be issued is not more than 15% of the total share capital of the company after the issuance, and that the joint bookkeeping manager does not exceed the allotment rights of 15% of the shares of H shares issued by this issue. After deducting the issue fees, the raised funds of the H-share issue are intended to be used in the following aspects: expanding the company's international business, building and perfecting the company's domestic and foreign marketing network and service system and supporting system to accelerate the implementation of the Company's globalization strategy; carry out industrial upgrading and construction of core parts Construction company research and development capabilities and new technology research, construction of the company's digital services and supply chain collaborative management platform to enhance the company's research and development level and information strength, replenishment of the company liquidity, improve corporate capital structure, as well as other general commercial uses.　　If the H-share issue is successfully completed, the internationalization of the company will accelerate with the investment of fund-raising.　　Zoomlion also announced the distribution scheme of the accumulated profits, will be part of the accumulated profits as at June 30, 2010 to all shareholders 10 shares to send Red shares 15 shares, every 10 shares of cash 1.7 yuan (including tax); In addition to the issuance of H-shares before the company's accumulated profits from the release of the new and old shareholders share. Zoomlion was founded in 1992 and listed on the Shenzhen Stock Exchange in 2000. The company is China's construction machinery industry leading enterprises, but also the country's first 91 "Innovative Enterprises", 2009 in the global engineering machinery industry ranked 12th. After more than 9 years of listing, the annual compound growth rate of operating income and net profit is over 50%.　　In the first quarter of this year, the company realized operating income of 5.899 billion yuan, net profit of 745 million yuan, year-on-year growth of 67.72% and 145.27% respectively. In the process of rapid development of Zoomlion, the capital market plays a great role in catalysis. In order to maintain the rapid development of the momentum, the company has been committed to the implementation of international development strategy, and hope to borrow the current H-share issuance and listing to help push internationalization strategy better and faster implementation. Industry insiders believe that a comprehensive overview of Caterpillar, Komatsu and other world-class engineering machinery enterprise development process, most experienced the product market from the domestic to the international transformation from the internationalization of products to capital internationalization of the process of transformation, internationalization is the construction of world-class engineering machinery enterprises. Zoomlion's H-share IPO is expected to be the beginning of another new leap for the company.