# Zoomlion to absorb subsidiary Anhui Zoomlion Earthmoving Machinery

Zoomlion Heavy Industry (01157) announced plans to absorb its wholly-owned subsidiary Anhui Zoomlion Earthmoving Machinery Co., Ltd. to optimize management structure. The subsidiary will be dissolved after the merger.

- Type: Acquisition
- Announced: 2020-08-21
- Where: China
- Status: announced
- Products: earthmoving machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Zoomlion Heavy Industry](https://endata.com/companies/29617.md) (acquirer)
- [Anhui Zoomlion Earthmoving Machinery](https://endata.com/companies/49346.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/329488.html), 2020-08-21: "公司拟对全资附属公司安徽中联重科土方机械有限公司进行吸收合并。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.