Hanfort Development Signs 12-Year Vietnam Factory Lease for Golf Equipment Expansion

Sino Golf Holdings Limited ( (HK:0361) ) has shared an announcement.

Hanfort Development Holdings Limited has entered into a 12-year lease for new factory premises in Nam Cau Kien Industrial Park in Hai Phong City, Vietnam, through an indirect wholly owned subsidiary. The facilities, comprising two single‑story factory buildings with office space and totaling about 10,244 square meters, will be used for manufacturing sports and athletic equipment, specifically golf-related products, and other production activities in line with business needs.

Under Hong Kong accounting standards, the lease will be recognized as right‑of‑use assets and treated as an asset acquisition for listing rule purposes, making it a discloseable transaction that requires public notification but not shareholder approval. The lease will only proceed once the landlord completes construction and secures required permits, fire safety acceptance, infrastructure connections, and environmental filings, signalling planned capacity expansion in Vietnam and a further consolidation of the group’s manufacturing base there.

The most recent analyst rating on (HK:0361) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Sino Golf Holdings Limited stock, see the HK:0361 Stock Forecast page.

More about Sino Golf Holdings Limited

Hanfort Development Holdings Limited, formerly known as Sino Golf Holdings Limited, is a Bermuda-incorporated company listed in Hong Kong that operates in the sports and athletic equipment manufacturing industry, with a particular focus on golf-related products. The group runs production facilities in Asia to supply golf equipment and related items to global brand owners and markets.

Average Trading Volume: 11,216,793

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$397.9M

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