SINO GOLF HOLD's subsidiary plans to acquire a golf equipment manufacturing plant in Vietnam for USD 2.5 million
SINO GOLF HOLD announced that its wholly-owned subsidiary SINO GOLF PRODUCTS CO., LTD. plans to acquire 100% of the registered capital of Hio Pro (Vietnam) Sporting Goods Company Limited for USD 2.5 million. The company focuses on the manufacturing of golf equipment, and the acquisition will help SINO GOLF HOLD reduce the tariff burden on exports to the United States, enhancing competitiveness and operational efficiency
According to the Zhitong Finance APP, SINO GOLF HOLD (00361) announced that on October 14, 2025, the buyer (SINO GOLF PRODUCTS CO., LTD., an indirect wholly-owned subsidiary of the company) intends to acquire from the seller (Hio Sports Goods Co., Ltd.) all the paid-up registered capital of Hio Pro (Vietnam) Sporting Goods Company Limited (the target company), amounting to 6.152 billion Vietnamese Dong, for a price of 2.5 million USD.
The target company is a wholly foreign-owned single-member limited liability company registered in Vietnam, primarily engaged in the manufacturing of golf equipment and related components, and operates a golf equipment manufacturing plant in Vietnam.
As many of the group's customers are located in the United States, the acquisition of the target company, which operates a golf equipment manufacturing plant in Vietnam, allows the group to export golf products manufactured in Vietnam (which have lower export tariffs than those from China) to the United States, thereby alleviating 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
