Asia Allied Infrastructure Holdings Limited (HK:0711) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:0711 stock, check out TipRanks’ Stock Analysis page.