Highway Holdings Limited
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- Highway Holdings Limited Highway Holdings Limited (Nasdaq: HIHO), a British Virgin Islands holding company founded in 1990 and headquartered at Suite 1801, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, Hong Kong, manufactures and supplies metal, plastic, electric, and electronic parts, components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. The company operates through two primary segments—Metal Stamping and Mechanical OEM, and Electric OEM—offering services including metal stamping, plastic injection molding, pad printing, screen printing, electronic assembly of printed circuit boards, engineering, and design assistance for tooling; its products support applications in photocopiers, laser printers, print cartridges, electrical connectors, circuits, vacuum cleaners, LED power supplies, stepping motors, dishwasher pumps, washing machine components, office machines, white goods, home appliances, lighting products, and custom automation equipment. Highway Holdings maintains manufacturing facilities in Shenzhen, China, for automated production and in Yangon, Myanmar, for low-cost manual assembly, serving customers primarily in Europe, North America, Hong Kong, China, and other Asian markets through an integrated OEM/ODM model emphasizing German engineering precision, quality management, and cost efficiency. Recent developments include the receipt of an initial order for 100,000 units of a new brushless electric motor model as an original design manufacturer (ODM) project, with production ramping up in fiscal third and fourth quarters of 2025; a comprehensive board restructuring with the appointment of four new directors bringing expertise in multinational business, finance, manufacturing, strategy, and M&A; an unsuccessful pursuit of a 51% acquisition stake in Synova Metall- und Kunststofftechnik GmbH via a non-binding letter of intent; and strategic exploration of mergers, acquisitions, and diversification opportunities targeting growth in aging population products and non-manufacturing ventures to supplement core OEM operations amid post-COVID supply chain challenges and U.S. tariffs. Subsidiaries include Nissin Metal and Plastic (Shenzhen) Company Limited in China and 84%-owned Kayser Myanmar Manufacturing Company Ltd. in Myanmar, with the company listed on Nasdaq since 1996 and maintaining a net cash-positive position exceeding $5.6 million.
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