Highway Holdings Limited to Acquire 51% of Regent-Feinbau Adermann GmbH

Highway Holdings Limited has signed a letter of intent to acquire 51% of Regent-Feinbau Adermann GmbH, a German-based company specializing in precision sheet metal components and welded assemblies. The acquisition, primarily for cash and a smaller amount of unregistered shares, is expected to close by the end of March 2026, subject to due diligence and definitive agreement. Regent-Feinbau, founded in 1949, holds IATF 16949, ISO 9001, and ISO 14001 certifications and serves the automotive, commercial vehicle, aerospace, and industrial sectors. This acquisition is a strategic move by Highway Holdings to reinvigorate its OEM business, particularly targeting the growing Chinese automotive market by integrating Regent-Feinbau's capabilities. The company also sees potential for growth in Regent-Feinbau's European business through synergies. This is the first step in Highway Holdings' M&A strategy, with further transactions in Germany being evaluated. Highway Holdings has a strong financial foundation with substantially no debt and approximately $5.3 million in cash.