Hongxin Jianfa (09930.HK) completed the acquisition of 80% equity of TH Tong Heng for a total of 176 million Ringgit.

Zhixin Finance and Economics APP news, Hongxin Jianfa (09930.HK) has announced that as of May 30, 2025, all the preconditions of the share subscription agreement have been met (or waived), so the share subscription agreement has now taken effect unconditionally. Therefore, the completion of the acquisition of 80% equity of the target group company has been carried out on the date of this announcement.