Horizon Construction Completes Major Acquisition to Bolster Market Position

An announcement from Horizon Construction Development Limited ( (HK:9930) ) is now available.

Horizon Construction Development Limited has successfully completed the acquisition of 80% equity interests in the Target Group Companies, following the fulfillment of all conditions precedent to the Share Purchase Agreement. The acquisition, valued at approximately MYR170,951,092, was finalized after negotiations and adjustments based on the Target Company’s strong market position and growth prospects. This strategic move is expected to enhance Horizon’s service offerings in machinery rental, trading, repair, and maintenance, positioning the company for further growth in the industry.

The most recent analyst rating on (HK:9930) stock is a Buy with a HK$3.60 price target. To see the full list of analyst forecasts on Horizon Construction Development Limited stock, see the HK:9930 Stock Forecast page.

More about Horizon Construction Development Limited

Horizon Construction Development Limited is a company incorporated in the Cayman Islands, primarily involved in the construction and development industry. The company is listed on the Hong Kong Stock Exchange and focuses on acquiring equity interests in target companies to expand its market presence.

Average Trading Volume: 652,788

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.9B

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