XCMG Construction Machinery to acquire 51% stake in Xuzhou XCMG Heavy Vehicle for 821M yuan

XCMG Construction Machinery announced it will acquire 51% equity of Xuzhou XCMG Heavy Vehicle Co., Ltd. from Nanjing XCMG Automotive Manufacturing Co., Ltd. for 0.821 billion yuan. The heavy vehicle sector will become a controlled subsidiary of XCMG Construction Machinery.

“XCMG Construction Machinery announced that the company intends to acquire 51% equity of Xuzhou XCMG Heavy Vehicle Co., Ltd. held by Nanjing XCMG Automotive Manufacturing Co., Ltd. for 0.821 billion yuan.”news.futunn.com

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• news.futunn.comXCMG Construction Machinery intends to acquire 51% equity of Xuzhou XCMG Heavy Vehicle Co., Ltd. for 0.821 billion yuan. - FutubullBreakingsApr 18, 2025

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