Asia Allied Infrastructure Acquires Stake to Boost Growth

Asia Allied Infrastructure Holdings Limited (HK:0711) has released an update.

Asia Allied Infrastructure Holdings Limited has announced its acquisition of a 51% stake in a target company, supported by a Profit Guarantee reflecting the potential synergies and growth prospects in the Greater Bay Area’s construction sector. The acquisition will be financed through the issuance of consideration shares, and the company has conducted a thorough comparable analysis to ensure the fairness of the transaction. This strategic move aims to capitalize on the recovering PRC economy and strengthen the group’s position in the construction materials market.

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