Highway Holdings (HIHO) announced it has signed a letter of intent with LeMALe Beteiligungs-GmbH to acquire 51% of German-based Regent-Feinbau Adermann GmbH primarily for cash and a smaller amount of the company’s unregistered shares. The proposed acquisition, which targets a close by the end of March 2026, remains subject to the completion of due diligence, negotiation and execution of a definitive purchase agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated. Founded in 1949, Regent-Feinbau is a certified manufacturing specialist for precision sheet metal components and welded assemblies made of aluminum, steel, and copper.
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