Core Viewpoint - Shunlong Holdings (00361) experienced a significant decline of over 20%, 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 acquisition of Hio Pro (Vietnam) Sporting Goods Company Limited, a wholly-owned subsidiary, for a total consideration of 2.5 million USD [1] - The target company has a registered capital of 61.52 billion VND and is primarily engaged in the manufacturing of golf equipment and related components in Vietnam [1] Group 2: Strategic Implications - The acquisition allows Shunlong Holdings to leverage lower export tariffs from Vietnam to the U.S., thereby alleviating tariff burdens faced by the group and enhancing the competitiveness of its golf business [1] - This move is expected to improve the overall operational efficiency of the group by optimizing its supply chain and manufacturing capabilities [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]

Core Viewpoint - Shunlong Holdings (00361.HK) announced the acquisition of Hio Pro (Vietnam) Sporting Goods Company Limited for $2.5 million, equivalent to approximately HKD 19.44 million, to enhance its golf equipment manufacturing capabilities and reduce tariff burdens when exporting to the U.S. [1] Group 1: Acquisition Details - The acquisition involves the purchase of the entire registered capital of 61.52 billion Vietnamese Dong from a wholly-owned subsidiary of the seller [1] - The target company is a foreign direct investment single-member limited company registered in Vietnam, primarily engaged in manufacturing golf equipment and related components [1] Group 2: Strategic Rationale - The acquisition allows the company to manufacture golf products in Vietnam, where export tariffs are lower than those from China, thereby alleviating tariff burdens faced by the group [1] - This strategic move aims to maintain the competitiveness of the group's golf business and improve overall operational efficiency [1]