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Sino Golf to Acquire Vietnamese Golf Equipment Manufacturer; Shares Plunge 19%
Sino Golf Holdings Announces Acquisition of Hio Pro Vietnam
Shun Long Holdings (00361.HK) plans to acquire a Vietnamese golf equipment manufacturing plant for US$2.5 million.
Gelonghui, October 14th ─ Shunlong Holdings (00361.HK) announced that on October 14, 2025, its indirectly wholly-owned subsidiary, Shunlong Golf Products Co., Ltd., plans to acquire all the paid-up charter capital of Hio Pro (Vietnam) Sporting Goods Company Limited ("Target Company"), which represents the entire registered charter capital of VND 61.52 billion, for a consideration of USD 2.5 million (equivalent to approximately HKD 19.4383 million). It is reported that the Target Company is registered in Vietnam.
Sino Golf Holdings Faces Delay in Share Acquisition Offer
[HKEX Correction] Shun Long Holdings (00361.HK) received an over-the-counter acquisition of 2.601 billion ordinary shares by Liu Jincheng, valued at approximately HKD 75.4348 million.
According to a report on October 10, based on the document disclosed by the Hong Kong Stock Exchange on October 10, Liu Jincheng increased his position in $Shun Long Holdings (00361.HK)$ by purchasing 2.601 billion ordinary shares at an average price of HKD 0.029 per share off-exchange on September 23, with a total value of approximately HKD 75.4348 million. After the increase, Liu Jincheng's latest number of shares held is 2.601 billion, and his long position ratio has increased from 0.00% to 50.01%. Additional information: According to the sale and purchase agreement dated September 23, 2025, Do Think Investments Limited agreed to acquire.
Shunlong Holdings (00361.HK) received an over-the-counter increase of 2.601 billion ordinary shares by DoThink Investment Limited and its affiliates, valued at approximately HKD 75.4348 million.
According to a report on September 29, based on the document disclosed by the Hong Kong Stock Exchange on September 29, DoThink Investment Limited increased its stake in $Shun Long Holdings (00361.HK)$ by purchasing 2.601 billion ordinary shares off-exchange at an average price of HK$0.029 per share on September 23, with a total value of approximately HK$75.4348 million. After the increase, DoThink Investment Limited holds a total of 2.601 billion shares, and its long position ratio has increased from 0.00% to 50.01%. This transaction involves other related parties: Dexin Investment.