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Far East Horizon Limited ( (HK:3360) ) has issued an update.
Far East Horizon Limited announced that its subsidiary, Horizon Construction Development Limited, has entered into an agreement to acquire an 80% equity interest in Malaysia’s TH Tong Heng Machinery Sdn. Bhd. This strategic acquisition aims to strengthen Horizon Construction Development’s market presence in Southeast Asia by integrating an established sales and distribution network in Malaysia, thereby enhancing its operational capabilities and expanding its customer base. The transaction is expected to create synergies with Horizon Construction Development’s existing operations in Malaysia, benefiting the company’s overall business and its shareholders.
More about Far East Horizon Limited
Far East Horizon Limited, through its subsidiary Horizon Construction Development Group, is a leading equipment operation service provider in China, offering comprehensive solutions for the construction and industrial sectors. The company focuses on providing rental services and expanding its market presence domestically and internationally.
Average Trading Volume: 10,284,026
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$25.33B
Find detailed analytics on 3360 stock on TipRanks’ Stock Analysis page.