Core Viewpoint - Shunlong Holdings (00361) experienced a significant decline of over 20%, currently trading at 0.085 HKD with a transaction volume of 5.8787 million HKD, following the announcement of a strategic acquisition aimed at enhancing operational efficiency and competitiveness in the golf equipment sector [1] Group 1: Acquisition Details - Shunlong Holdings announced the intention to acquire 100% of the registered capital of Hio Pro (Vietnam) Sporting Goods Company Limited for a consideration of 2.5 million USD [1] - The target company is a wholly foreign-owned enterprise registered in Vietnam, primarily engaged in the manufacturing of golf equipment and related components [1] Group 2: Strategic Implications - The acquisition allows Shunlong Holdings to leverage its manufacturing capabilities in Vietnam, where export tariffs on golf products are lower than those from China, thereby alleviating tariff burdens faced by the group [1] - This strategic move is expected to enhance the competitiveness of the group's golf business and improve overall operational efficiency [1]

Core Viewpoint - Shunlong Holdings (00361) announced the acquisition of Hio Pro (Vietnam) Sporting Goods Company Limited for $2.5 million, which will enhance its competitive edge in the golf equipment market by leveraging lower export tariffs from Vietnam to the U.S. [1] Group 1: Acquisition Details - The buyer, Shunlong Golf Products Limited, a wholly-owned subsidiary of the company, intends to acquire the entire paid-up capital of 615.20 billion Vietnamese Dong from the seller, Hiaow Sports Goods Limited [1] - The target company is a foreign direct investment single-member limited liability company registered in Vietnam, primarily engaged in manufacturing golf equipment and related components [1] Group 2: Strategic Implications - The acquisition allows the group to export golf products manufactured in Vietnam to the U.S., where the export tariffs are lower than those from China, thereby alleviating tariff burdens faced by the group [1] - This strategic move is expected to enhance the overall operational efficiency of the group and maintain competitiveness in the golf business [1]