Sino Golf Holdings to Acquire 100% Stake in Hio Pro (Vietnam) Sporting Goods for US$2.5 Million

Reuters
Oct 14
Sino Golf Holdings to Acquire 100% Stake in Hio Pro (Vietnam) Sporting Goods for US$2.5 Million

Sino Golf Holdings Ltd. has reached an agreement to acquire the entire registered capital of Hio Pro (Vietnam) Sporting Goods Company Limited. The company stated that this acquisition will allow the group to manufacture golf equipment in Vietnam, enabling exports to the US at a lower tariff rate compared to products exported from China. This move is expected to help reduce tariff burdens, maintain competitiveness in the golf business, and enhance overall operational efficiency. The board of directors, including independent non-executive directors, confirmed that the terms of the acquisition are fair and reasonable and in the interests of the company and its shareholders. Completion of the acquisition remains subject to certain conditions.

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