A unit of Horizon Construction Development (HKG:9930) completed the acquisition of an 80% equity stake in TH Tong Heng Machinery, a May 30 Hong Kong bourse filing said.

The indicative total amount of the consideration was slashed to nearly 171 million ringgit from 176 million ringgit originally.

TH Tong Heng Machinery engages mainly in the rental of machinery and equipment, trading of new and second-hand machinery and equipment, and other business activities.