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SHANGHAI, Dec. 26, 2025 /PRNewswire/ -- On December 24, Henan Province's first dedicated container terminal, with an annual handling capacity of one million TEUs, formally commenced operations at the Central Operating Area of Zhoukou Port's Central Port Zone. Twelve automated port cranes and an integrated automation system, custom-built by Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC), were simultaneously put into service. The project marks a new phase in the digitalization, automation, and scale-up of inland waterway shipping in Central China, while providing a replicable automation model purpose-designed for inland river operating conditions. As the flagship project of Henan Province's "11246" inland waterway development initiative, the Central Operating Area of Zhoukou Port's Central Port Zone is positioned as a key logistics hub linking central and western China with the Yangtze River Delta. The project includes 13 berths capable of handling 2,000-ton vessels, with a designed annual throughput of 1.075 million TEUs. Once fully operational, Zhoukou Port will function as a specialized, hub-oriented multimodal port, serving domestic demand while connecting to global markets. It is expected to become one of China's leading inland ports, enhancing regional connectivity and facilitating the flow of Henan's cargo to overseas destinations, while serving as a gateway for deeper integration into the global maritime trade network. As the equipment and smart-systems provider for the Zhoukou Port Central Operating Area, ZPMC addressed challenges posed by complex inland hydrological conditions and navigation requirements. The company developed and manufactured six energy-efficient, modular ship-to-shore (STS) cranes and six rail-mounted gantry (RMG) cranes configured for inland waterways. The STS cranes feature lightweight structural designs and reduced wind-load profiles. The RMG cranes incorporate an "8-rope 2.0" anti-sway system, enabling a single-cycle operation time of 120 seconds. Together, these systems support high-throughput, stable, and reliable inland terminal operations. In addition, the automation system delivered by ZPMC integrates terminal management and control software across the container-handling process, from vessel operations to horizontal transport and yard management. It replaces traditional labor-intensive workflows with automated, digitally coordinated end-to-end operations, enabling real-time system-wide coordination. Following commissioning, productivity of the STS cranes at Zhoukou Port is expected to increase by 30 percent, with each crane capable of handling up to 120,000 TEUs annually, significantly enhancing throughput capacity and competitiveness while providing a validated, scalable framework for modernizing inland port operations across China.
KLANG, Malaysia, Dec. 26, 2025 /PRNewswire/ -- Syntec Technology (TWSE: 7750), a leading provider of smart manufacturing solutions, has launched the Phase II development of its Syntec Intelligence Technology Sdn. Bhd. facility in Malaysia, committing an investment of more than RM78 million to support growing overseas demand and strengthen global supply chain resilience. From left TWCHAM Malaysia and Kuala Lumpur Standing Committee President Mr. Arthur Lin, Director of Malaysian Investment Development Authority (MIDA) - Selangor, Mr. Sherulanuar Abd Karim, Datuk Bandar of Majlis Bandaraya Diraja Klang Dato’ Haji Abd. Hamid bin Hussain, Selangor State Executive Councillor for Investment, Trade and Mobility, YB Ng Sze Han, Independent Director of Syntec Technology, Mr. Grant Kuo, Global Director of Syntec Intelligence at Syntec Technology, Mr. Otis Siah, Taipei Economic and Cultural Office in Malaysia Deputy Representative, Mr. James JM Buu, National President of TWCHAM Malaysia, Mr. Lin Kai Min The expansion is driven by rising customer demand from the machine tool industry, particularly in India, and forms part of Syntec Group's customer-led capacity strategy amid rapid shifts in the global manufacturing landscape. The investment will be implemented in phases, providing operational flexibility while managing execution and geopolitical risks. "Establishing and expanding our operations in Malaysia is a strategic move to better support fast-growing demand across ASEAN," said Otis Siah, Global Director of Syntec Intelligence. "This is not merely a factory expansion, but a key node in our global operations, enabling faster response times and closer collaboration with regional partners." Scheduled for completion in early 2027, the new plant will support the manufacturing and testing of industrial controllers, as well as the assembly and validation of intelligent robotic arm systems. Once operational, it is expected to serve as a key overseas manufacturing hub supporting markets in India, Turkey, ASEAN and the United States, helping to shorten delivery lead times and enhance local supply capabilities. Independent director of Syntec Technology - Grant Kuo, said the project reflects Syntec's long-term international commitment. "By strengthening our overseas manufacturing footprint, we are enhancing supply chain flexibility while positioning the group to capture sustainable growth in multiple high-potential markets," he said. The groundbreaking ceremony was attended by Selangor State Executive Councillor for Investment, Trade and Mobility YB Tuan Ng Sze Han; Taipei Economic and Cultural Office in Malaysia Deputy Representative Mr. James JM Buu; Datuk Bandar of Majlis Bandaraya Diraja Klang Dato' Haji Abd. Hamid bin Hussain; Director of Malaysian Investment Development Authority (MIDA) - Selangor, Mr. Sherulanuar Abd Karim, National President of TWCHAM Malaysia, Mr. Lin Kai Min; TWCHAM Malaysia, and Kuala Lumpur Standing Committee President Mr. Arthur Lin, underscoring Malaysia's growing role in Syntec group's global manufacturing strategy. The project is being developed in partnership with Malaysian construction firm Pembinaan Tuju Setia Sdn. Bhd., and will incorporate green building design, energy-efficient construction methods and smart factory planning in line with Syntec group's ESG commitments. Malaysia expansion is part of a long-term, customer-centric global deployment strategy aimed at delivering stable and sustainable growth in the coming years. About SYNTEC Group Syntec Group is a leading Asia-Pacific provider of machine tool controllers and intelligent manufacturing solutions, with operations across Europe, the Americas and Asia. Its product portfolio includes CNC controller systems, servo drives, servo motors and integrated Industry 4.0 solutions combining automation, IIoT and smart manufacturing technologies. For more information, visit www.syntecclub.com.
SANYA, China, Dec. 24, 2025 /PRNewswire/ -- On December 11, the 2025 China International Gold Market Annual Conference convened in Sanya, Hainan, attracting more than 500 representatives from gold producers, retailers, trading enterprises, industry associations, financial institutions, research bodies, and international organizations. The event served as a high-level platform connecting government, industry, and enterprises to advance globally oriented development. At the opening ceremony, Yan Diyong, Secretary of the Party Committee of the China Gold Association, noted that Sanya is rapidly emerging as a new frontier for investment and entrepreneurship in the gold industry. Leveraging distinctive policy advantages and strategic geographic positioning, the city is accelerating the development of key platforms such as the gold and jewelry industrial park, promoting deeper integration across industrial and supply chains, and enhancing overall industry capacity. These efforts position Sanya as an important gateway for the internationalization of China's gold sector. During the conference, Sanya implemented a series of targeted initiatives to translate event-driven engagement into tangible investment outcomes. Meanwhile, through policy briefings, thematic discussions, and on-site inspections, participating delegates were provided with a comprehensive view of Sanya's investment environment and development prospects, fostering substantive connections between enterprises and the city. During policy briefings, officials from the Sanya Investment Promotion Bureau outlined policy scope, application processes, and implementation mechanisms. The briefings clarified available investment incentives and reinforced market confidence, with participating companies noting strong alignment between the policy framework and their development needs. Field visits further enhanced engagement. Delegates toured locations including the Sanya Yazhou Bay Science and Technology City and the Sanya Central Business District, gaining first-hand insights into the city's business environment, industrial layout, and progress in platform and infrastructure development. Industry leaders also shared strategic perspectives during the conference. Zou Laichang, Deputy Secretary of the Party Committee, Vice Chairman, and President of Zijin Mining Group Co., Ltd., stated that, supported by the policy advantages of the Hainan Free Trade Port, Zijin Mining is investing in the establishment of an international business headquarters in Sanya and developing a gold-themed park. He emphasized the company's continued commitment to principles of openness, collaboration, and mutual benefit, alongside the promotion of green, low-carbon, safe, and sustainable development in the gold industry. Zijin Mining also plans to seize opportunities to expand gold deep-processing operations, trade, and international market activities in Hainan, deepening global cooperation and contributing to both industry advancement and the construction of the Hainan Free Trade Port. As the Hainan Free Trade Port advances toward island-wide special customs operations, Sanya is increasingly positioned to serve global gold markets. Preferential tax policies and cross-border trade facilitation, combined with the city ' s established gold and jewelry industry base, are accelerating supply chain integration and attracting high-quality enterprises. The launch of the Shanghai Gold Exchange's gold storage warehouse in Sanya marked a key milestone, filling a critical gap in Hainan's gold infrastructure. Looking ahead, Sanya aims to better align domestic and international demand with local industry development, expand capabilities in gold research, design, and bonded processing, and leverage policies tied to international tourism consumption and offshore duty-free shopping to foster new consumption scenarios. With an open and inclusive approach supported by efficient, pragmatic measures, Sanya continues to attract high-quality enterprises and contribute to the high-quality development of the Hainan Free Trade Port. The city is also set to host upcoming events, which are expected to further consolidate industry resources in Sanya and drive sustained, high-quality growth across related sectors.
GARLAND, Texas, Dec. 23, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and electric mobility solutions, today provided an update on its dealer network momentum, organizational expansion, and strategic initiatives as the Company prepares for accelerated dealer-led growth in 2026. Massimo Group Dealer Momentum - New Sentinel and MVR Series Dealer Network Momentum: 2025 Review and Expansion Outlook Throughout 2025, Massimo made dealer network development a core pillar of its growth strategy, investing in channel expansion, internal infrastructure and dealer support capabilities. As the Company closes out the year, it continues to strengthen its authorized dealer footprint across key U.S. markets, expanding customer access while laying the groundwork for the rollout of higher-value product platforms. Management views continued dealer network expansion as critical to supporting product commercialization, improving brand visibility and driving long-term, sustainable growth. Q4 2025 Momentum and Dealer Signings Massimo experienced increased momentum in dealer development during the fourth quarter of 2025. In Q4 alone, the Company executed agreements with several new dealer partners, reflecting growing interest from dealers aligned with Massimo's evolving product strategy and partnership-driven model. The Company believes this acceleration reflects improved execution, clearer product positioning, and increasing alignment between dealer market needs and Massimo's long-term roadmap. Organizational Expansion Supporting 2026 Growth To support the next phase of dealer expansion, Massimo completed key organizational enhancements in 2025. The Company appointed a Vice President of Dealer Development to lead dealer recruitment, onboarding, and performance initiatives, reinforcing its commitment to building a scalable and high-quality dealer network. In addition, Massimo hired a Manager of Fleet Sales, further strengthening its commercial capabilities and supporting the development of a more comprehensive dealer and fleet-oriented go-to-market strategy. These hires are integral to the Company's refreshed dealer program, which is scheduled to launch in January 2026. Management views these organizational additions as a transition from foundational network building toward a more execution-focused growth phase. Product Strategy Supporting Dealer Profitability Massimo's dealer initiatives are supported by a differentiated product roadmap designed to improve dealer competitiveness and profitability, including: The Sentinel Series, the Company's next-generation UTV platform positioned to deliver higher-value features and performance. The MVR HVAC Series, a new line of fully enclosed electric vehicles equipped with integrated heating and air conditioning, designed to help dealers differentiate their offerings in both consumer and commercial markets. Several established dealer partners have already executed purchase agreements for units within these new product series. In addition, Massimo has initiated a preorder program for its 2026 Sentinel models, which is gaining solid early traction as dealers plan for the upcoming selling season. Positioned for Dealer-Led Growth in 2026 Looking ahead to 2026, Massimo plans to increase its focus and investment in dealer development, emphasizing dealer quality, operational consistency, and long-term partnership alignment. Management believes the dealer channel will remain a key driver of sustainable revenue growth and successful product commercialization. With an expanded dealer organization, growing dealer engagement, and an increasingly differentiated product lineup, Massimo believes it is well positioned to pursue disciplined, dealer-led growth while continuing to build long-term value for shareholders. About Massimo Group (NASDAQ: MAMO) Massimo Group is a manufacturer and distributor of powersports and electric vehicles headquartered in Garland, Texas. The company's portfolio includes UTVs, ATVs, e-bikes, and electric utility vehicles known for performance, reliability and value. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo Group. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo Group's future results of operations and financial position, Massimo Group's business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo Group are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo Group which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo Group may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those listed under "Risk Factors" in our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Moreover, Massimo Group operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo Group's control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo Group undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact Quenton PetersenVice PresidentMassimo GroupEmail: ir@massimomotor.com
HONG KONG, Dec. 23, 2025 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO, the "Company" or "Highway Holdings") today announced it has signed a letter of intent ("LOI") with LeMALe Beteiligungs-GmbH ("LeMaLe" or "Seller") to acquire 51% of German-based Regent-Feinbau Adermann GmbH ("Regent-Feinbau") primarily for cash and a smaller amount of the Company's unregistered shares. The proposed acquisition, which targets a close by the end of March 2026, remains subject to the completion of due diligence, negotiation and execution of a definitive purchase agreement, and satisfaction of customary closing conditions. There can be no assurance that the parties will enter into a definitive agreement or that any transaction will be consummated. Founded in 1949, Regent-Feinbau is a certified manufacturing specialist (IATF 16949, ISO 9001, ISO 14001) for precision sheet metal components and welded assemblies made of aluminum, steel, and copper. With decades of experience and vertically integrated capabilities, Regent-Feinbau delivers high-quality, scalable solutions for demanding applications - from laser-cut parts to fully assembled functional units. Regent-Feinbau's core competencies include: Laser cutting and bending (efficient, high-precision processing using CNC press brakes and automated systems); Forming technology (flexible production with extender presses and CNC-controlled bending for complex geometries); Component assembly (complete systems with integrated fastening and joining processes); and Advanced welding (including drawn arc, projection, spot, and robotic welding, ensuring strong, repeatable joints across a wide range of materials). Regent-Feinbau primarily serves OEMs directly, while also supporting Tier 1 suppliers with reliable, production-ready components and assemblies across the automotive, commercial vehicle, aerospace, and industrial sectors. Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are extremely excited to have signed a letter of intent to acquire 51% of Regent-Feinbau. The acquisition is part of our short and long-term strategy to reinvigorate our OEM business, which has an urgent need to replace customers whose revenue contribution has declined or halted due to the global business challenges entering and exiting COVID. Regent-Feinbau's experience with automotive customers and that company's excellent capabilities, which allows them to be a Tier 1 supplier to companies such as AMG Mercedes Benz, will have a lot of value for our Chinese metal component division, Nissin Shenzhen, in targeting the Chinese automotive market. The Chinese automotive market is one of the automotive markets left with a positive growth rate, which according to third party estimates currently is about $660 billion with a projected growth rate of over 2% over the next 5 years. The percentage of sheet metal in a car is estimated to be about 8% to 12%. The average sheet metal component business is therefore roughly $50 billion per year, with a 2% growth rate or about $1 billion per year. While Highway Holdings' history in China spans over 35 years, the Company has never directly targeted the local Chinese market, with the exception of supporting our international OEM customers that have a local Chinese presence. We view the Regent-Feinbau transaction as a significant opportunity, as prior to a Regent-Feinbau acquisition we could not offer thick sheet metal cutting, bending and welding to potential customers. Regent-Feinbau will expand our portfolio and add these sought after capabilities and experience to our company." Mr. Kohl added, "Regent-Feinbau's business in Europe is also expected to grow with the help of our know-how and experience, allowing it to approach high volume component businesses they could not previously target because of a lack of resources. These synergies are highly valuable, which is why we are so excited about the potential positive impact of this acquisition." "Importantly, Regent-Feinbau is only the first step in our M&A strategy. We are currently evaluating additional transactions in Germany that we have identified and evaluated over the last 24 months." "We believe that we have a very strong financial foundation to acquire Regent-Feinbau and potentially other targets, with substantially no debt and approximately $5.3 million in cash and cash equivalents, representing approximately US$1.20 cash per share." About Highway Holdings Limited Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar, and Shenzhen, China. For more information visit website www.highwayholdings.com. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.
BRISBANE, Australia, Dec. 23, 2025 /PRNewswire/ -- BUMA Australia Pty Ltd ("BUMA Australia"), a wholly owned subsidiary of PT Bukit Makmur Mandiri Utama ("BUMA"), under Indonesian listed holding company PT BUMA Internasional Grup Tbk ("BUMA International Group, IDX: DOID"), announced that the Supreme Court of Queensland has delivered its judgment in BUMA Australia Pty Ltd v Queensland Power Company Pty Ltd & Ors, ruling in favour of BUMA Australia in a contractual dispute arising from a Contract Mining Agreement. The Court's decision affirms BUMA Australia's entitlement to payment of outstanding invoiced amounts and end-of-contract reconciliation sums, to be determined in accordance with the Contract Mining Agreement. In its judgment, the Court considered several key commercial issues, including the interpretation of contractual variations for additional hired mining fleets, the methodology for calculating end-of-contract reconciliation, and claims associated with coal quality and related payment entitlements. On these matters, the Court accepted BUMA Australia's interpretation of the relevant contractual provisions. BUMA Australia welcomes the Court's decision, which reflects the Company's commitment to delivering services in accordance with its contractual obligations. Financial Impact The final amount to be received will be determined following the completion of post-judgment processes, including contractual reconciliation in line with the Court's findings, and is expected to be material. Subject to the completion of these processes, the Company expects to recognise the outcome in its financial statements for the first quarter of 2026. The judgment remains subject to appeal, and BUMA Australia will continue to assess its implications in line with applicable accounting and governance requirements.
A12 藝術空間
Mining/Metals
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