China’s Horizon makes move in Malaysia

Murray Pollok Managing Editor, IRN & Director of Content, KHL

09 May 2025

China’s largest rental company Horizon Construction Development is to acquire an 80% share of Malaysian rental firm Tong Heng Ltd (TH). The remaining shares will be held by former majority owner Chan Heng Choy.

The price for the majority shareholding was RMB299 million (€37 million).

TH will become a subsidiary…

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