Key Developments For Highway Holdings Ltd
Highway Holdings Ltd (HIHO.O) (Consolidated Issue listed on NASDAQ Capital Market)
Highway Holdings Limited Forms Joint Venture To Manufacture Automation Equipment
Highway Holdings Limited announced it has formed a joint venture with Xenon Automatisierungstechnik GmbH, based in Dresden, Germany, and Matrix Systems International Ltd., a Hong Kong company, to manufacture and provide maintenance services for German-designed automation equipment to be used in the manufacturing process of industrial companies in Asia. The newly formed joint venture will be named Xenon Automation Asia Ltd. and initially utilize Highway Holdings' facilities in Hong Kong and China for its operations. Highway Holdings will be the largest shareholder of the joint venture.
Highway Holdings Limited Declares Cash Dividend
Highway Holdings Limited announced that its Board of Directors have declared a cash dividend of $0.03 per share on the Company's common stock. The dividend will be paid on August 28, 2009, to shareholders of record on August 18, 2009.
Highway Holdings Limited Comments On Q1 2010 Revenue Guidance
Highway Holdings Limited announced that sales for the first quarter 2010 is expected to be soft, based on current order flow.
Highway Holdings Limited Announces Tooling Order From Japanese ODM/OEM To Produce Metal Components
Highway Holdings Limited announced that it has received a tooling order from UMC Electronics Co., Ltd. which will be used to produce several metal components for a new Windows CE-based personal mobile terminal product sold by a leading Japanese electronic products manufacturer.
Highway Holdings Limited Receives Additional OEM Business From Tridonic. ATCO For Lighting Fixture Components
Highway Holdings Limited announced that an expansion of its existing original equipment manufacturing business from Tridonic.ATCO, with six new tooling orders to produce electronic ballast casings utilized in fluorescent lighting products. Terms were not disclosed.
