Core Viewpoint - Hongxin Jianda has signed a share acquisition agreement with TH Tong Heng Machinery, marking its first cross-border acquisition and aiming to enhance its market presence in Malaysia through strategic synergies [1][2]. Group 1: Acquisition Details - Hongxin Jianda will acquire 80% of TH Tong Heng Machinery initially, with the remaining 20% to be priced based on future performance [1]. - TH Tong Heng Machinery is the largest comprehensive equipment rental company in Malaysia, established in 1994, and ranks 71st in the 2024 global aerial work platform rental list [1]. - The acquisition is expected to create significant synergies in product complementarity, channel integration, and technology fusion [2]. Group 2: Company Background - Hongxin Jianda, a flagship platform under Far East Horizon, was listed in Hong Kong in May 2023 and ranks 14th in the 2024 global equipment rental company list [2]. - The company has established a global service network covering 59 overseas locations across 7 countries [2]. Group 3: Market Impact - The acquisition is anticipated to deepen Hongxin Jianda's market penetration in Malaysia, leveraging a stable customer base of over 1,000 clients with low concentration and strong loyalty [2]. - The first quarter operational summary indicates a rising rental rate for key equipment, with the rental rate for aerial work platforms reaching approximately 78% [3]. - Overseas business revenue for the first quarter of 2025 has significantly increased compared to the same period last year, now accounting for over 15% of total revenue [3].
宏信建发收购马来西亚东庆控股权 提升公司在当地市场份额和竞争力