Horizon Construction Development completed the acquisition of a majority stake in TH Tong Heng Machinery for $41m.

Horizon Construction Development, a company providing residential construction services, completed the acquisition of a majority stake in TH Tong Heng Machinery, an equipment rental company, for $41m. "The acquisition is a strategic measure for the Group to enhance its market position and operational capabilities in Southeast Asia... This regional diversification will strengthen the Group's ability to withstand regional risks and solidify the stability of the Group's operations," Far East Horizon.