Highway holdings signs non-binding letter of intent to acquire majority of synova metall- und kunstofftechnik gmbh

Hong kong , dec. 11, 2023 /prnewswire/ -- highway holdings limited (nasdaq: hiho, "the company" or "highway holdings") today announced it has signed a non-binding letter of intent to acquire a majority stake in synova metall- und kunststofftechnik gmbh ("synova"). synova has been a comprehensive original equipment manufacturer ("oem") for the production of electrotechnical and electromechanical components based in germany for over 60 years.
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