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Asia Allied Infrastructure Holdings Limited ( (HK:0711) ) just unveiled an update.
Asia Allied Infrastructure Holdings Limited has entered into a facility agreement for a three-year term loan and revolving credit facilities amounting to HK$1.8 billion with a group of major commercial banks in Hong Kong. This agreement includes covenants requiring the Pang Family to maintain significant ownership and management control, with any breach potentially leading to an event of default, impacting the company’s financial stability and stakeholder interests.
The most recent analyst rating on (HK:0711) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Allied Infrastructure Holdings Limited stock, see the HK:0711 Stock Forecast page.
More about Asia Allied Infrastructure Holdings Limited
Asia Allied Infrastructure Holdings Limited operates within the infrastructure sector, focusing on construction and engineering services. The company is involved in various projects across Hong Kong, emphasizing its role in the development of large-scale infrastructure.
Average Trading Volume: 294,326
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$792.4M
Find detailed analytics on 0711 stock on TipRanks’ Stock Analysis page.