HK Stock Market Move | SINO GOLF HOLD (00361) falls more than 20% with plans to acquire a Vietnam golf equipment manufacturing plant for $2.5 million to reduce tariff burden.

SINO GOLF HOLD (00361) fell more than 20%, as of the article, it dropped by 19.81% to 0.085 Hong Kong dollars, with a turnover of 5.8787 million Hong Kong dollars. In terms of news, SINO GOLF HOLD issued an announcement that on October 14, 2025, the buyer (Shunlong Golf Ball Products Co., Ltd., an indirect wholly-owned subsidiary of the company) plans to acquire all the registered capital of Hio Pro (Vietnam) Sporting Goods Company Limited (the target company) for a consideration of 2.5 million US dollars. The target company is a wholly-owned foreign-invested single shareholder limited company registered in Vietnam, mainly engaged in the manufacture of golf equipment and related components, operating a golf equipment manufacturing factory in Vietnam. As many of the group's customers are located in the United States, through the acquisition of the target company operating a golf equipment manufacturing factory in Vietnam, the acquisition enables the group to export golf products manufactured in Vietnam (with lower export tariffs than China) to the United States, thereby reducing the tariff burden faced by the group, maintaining the competitiveness of the group's golf business, and improving the overall operational efficiency of the group.