Shenzhen RoadRover Technology Co LtdControlling shareholder Zoomlion plans to transfer its shares, potentially changing control; trading suspended amid uncertainty.
Roadrover Technology announced on the evening of September 29 that it had received notice that day from its controlling shareholder Zoomlion, which is planning to transfer its shares in the company through methods such as a negotiated transfer. The counterparty in this transaction is in the new energy battery industry, and the matter could lead to a change in the company's controlling stake. Given that the matter is still being planned and negotiated, significant uncertainty remains, and the specific details of the transaction still need to go through internal procedures by both parties. Following the company's application to the Shenzhen Stock Exchange, trading in the company's shares will be suspended from the market open on September 30, with the suspension expected to last no more than two trading days. In 2022, Zoomlion became Roadrover Technology's controlling shareholder by acquiring shares held by the company's original actual controller, and its direct shareholding now stands at 53.82 percent. However, in the more than four years since taking control, Roadrover Technology's weak performance has not turned around. The company lost 27.43 million yuan in 2023, its loss widened to 55.41 million yuan in 2024, and the loss climbed further to 93.24 million yuan in 2025. In the first half of 2026, the company posted revenue of 153 million yuan, down 16.38 percent year on year, while net profit attributable to the parent company remained in the red at a loss of 22.02 million yuan. Zoomlion had previously tried to revive Roadrover Technology as a listed platform through asset injection. In early 2023, it launched a plan to reorganise and list its subsidiary Zoomlion Intelligent Access Machinery together with Roadrover Technology. The deal was expected to constitute a backdoor listing, but it was ultimately terminated in September 2024. On September 29, Roadrover Technology's share price surged by the daily limit on heavy volume, closing at 26.38 yuan per share, with a latest market value of about 3.17 billion yuan.
Shenzhen RoadRover Technology Co LtdControlling shareholder Zoomlion plans to transfer its shares, potentially changing control; trading suspended amid uncertainty.
Zoomlion Heavy Industry Science and Technology Co LtdZoomlion, Roadrover's controlling shareholder, plans to transfer its 53.82% stake to a new-energy-battery counterparty, a capital/M&A move with uncertain outcome.
Zoomlion's subsidiary was previously proposed for asset injection into Roadrover, but the current stake-transfer plan is only indirectly related.