SHANGHAI, April 9 (Reuters) - Changsha Zoomlion Industry Science and Technology Development 000157.SZ said on Wednesday it has submitted a bid for Italian construction machinery maker Compagnia Italiana Forme Acciaio SpA, or Cifa.

Zoomlion, a major Chinese machinery maker, did not disclose the value of the bid, but said in a statement its proposal was under evaluation by the recipient.

Its A shares, traded on the Shenzhen Stock Exchange, have been suspended since Tuesday because of uncertainty over the deal, it added.

Its shares rose 8.2 percent to 42.18 yuan on Monday, recouping most of the sharp losses the previous two sessions after the company announced that it was considering a bid for an Italian machinery maker.

Since the start of the year the shares had shed 26.6 percent, compared with a 31.6 percent drop in China's benchmark index .SSEC.

Zoomlion said last week it aimed to take a 60 percent stake in the target company while other investors, including Chinese private-equity firm Hony Capital, would hold the remaining 40 percent.

Zoomlion did not name the target company in last week's announcement, although an industry source identified it as Cifa.