Asia Allied Infrastructure Holdings Limited (HK:0711) has released an update.
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Asia Allied Infrastructure Holdings Limited is set to acquire 51% of a target company’s share capital for approximately HK$47.5 million, through the issuance of new shares. This transaction will utilize 26.60% of their General Mandate, allowing the company to issue shares without needing shareholder approval.
For further insights into HK:0711 stock, check out TipRanks’ Stock Analysis page.