# Horizon Construction Development to acquire 80% of TH Tong Heng Machinery

Horizon Construction Development Investment (Hong Kong) Limited, a subsidiary of Far East Horizon (03360), has agreed to acquire 80% of TH Tong Heng Machinery Sdn. Bhd., a Malaysian equipment rental provider, for a total indicative consideration of MYR 176 million (approximately RMB 299 million).

- Type: Acquisition
- Announced: 2025-05-08
- Where: Malaysia
- Value: $40.0M (176.0M MYR)
- Status: announced
- Products: equipment rental services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Horizon Construction Development Investment (Hong Kong) Limited](https://endata.com/companies/84596.md) (acquirer)
- [Far East Horizon](https://endata.com/companies/84597.md) (investor)
- [TH Tong Heng Machinery Sdn. Bhd.](https://endata.com/companies/84598.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1291009.html), 2025-05-08: "本次交易是宏信建发集团提升其在东南亚地区的市场地位及运营能力的一项战略措施"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.