Horizon Construction Development said its unit Tianjin Hongtou agreed to acquire a 26% stake in Shanghai Hongzuo from Shanghai Depeng for RMB77.4 million. The agreement was signed on 13 March 2026 and payment is due within 15 business days after conditions are met. Shanghai Depeng is a unit of Far East Horizon, which holds about 45% of Horizon Construction Development’s shares. Shanghai Hongzuo had total assets of RMB440.3 million and net assets of RMB173.28 million as of 31 December 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Construction Development Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260313-12051603), on March 13, 2026, and is solely responsible for the information contained therein.