Core Viewpoint - The company, Huaxun (00833.HK), has announced a conditional agreement to acquire 51% of the equity capital of Momentum Industrial (Vietnam) Limited for USD 2 million (approximately HKD 15.56 million), marking a strategic expansion into Vietnam's manufacturing sector [1] Group 1: Acquisition Details - The acquisition involves purchasing 51% of the target company's equity capital, which is valued at USD 2 million [1] - Momentum Industrial (Vietnam) Limited is a wholly-owned subsidiary of the seller, specializing in manufacturing telecommunications, healthcare, home automation, and industrial electronic components [1] - The target company's total equity capital is 706.74 billion Vietnamese Dong, equivalent to USD 3 million, representing 100% of its registered capital [1] Group 2: Strategic Implications - The board of directors views the acquisition as a significant step in the company's strategic development, aimed at expanding production facilities to meet evolving customer demands [1] - The company plans to enhance management efficiency and resource integration based on the existing operations of the target company [1] - This acquisition will provide the company with its own production facilities in Vietnam, increasing flexibility in production and improving service to customers [1]