Asia Allied Infrastructure Expands with Major Acquisition

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

Asia Allied Infrastructure Holdings Limited has successfully completed the acquisition of 51% share capital of the Target Company, making it a non-wholly owned subsidiary. This transaction involved issuing new shares, altering the company’s shareholding structure, with GT Winners Limited’s stake decreasing slightly. The consolidation of the Target Company’s financials into the group’s statements is expected to impact Asia Allied’s future financial performance.

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