Highway Holdings shares surge 92.77% premarket after signing LOI to acquire 51% of German sheet metal manufacturer Regent-Feinbau.

Highway Holdings surged 92.77% in premarket trading following the announcement of a letter of intent to acquire 51% of German precision sheet-metal manufacturer Regent-Feinbau. The proposed $5.3 million cash-and-share deal, targeting closure by late March 2026, aims to expand the company’s capabilities in thick sheet metal processing—critical for automotive and industrial applications—and position its Chinese division, Nissin Shenzhen, to tap into China’s $660 billion automotive market. CEO Roland Kohl highlighted the strategic value of Regent-Feinbau’s Tier 1 supplier experience and vertically integrated manufacturing, which aligns with Highway Holdings’ goal to reinvigorate its OEM business amid post-pandemic market shifts. The acquisition also leverages the firm’s debt-free balance sheet, with $1.20 in cash per share, to drive growth in both European and Chinese markets.