|
| Tuesday, 14 March 2023, 11:21 HKT/SGT | |
| |
|
|
|
|
Strong business foundation in Hong Kong
Gaining long-term trust and support from banking community |
HONG KONG, Mar 14, 2023 - (ACN Newswire) - Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure", "AAI", or "the Group") (stock code: 00711) is pleased to announce that it has entered into a HK$1.1 billion term loan agreement with 6 banks. Part of the loan will be used to refinance the loan portfolio of the Group, while the rest will be used to support future operations and development. This facility will enhance the Group's financial flexibility and financing capability, as well as fully reflect the Group's future business development strength and potential.
The 3-year facility carrying an interest rate of HIBOR+1.65% was arranged by The Hongkong and Shanghai Banking Corporation Limited, Bank of Shanghai (Hong Kong) Limited, China Construction Bank (Asia) Corporation Limited, CMB Wing Lung Bank Limited, Chong Hing Bank Limited and The Bank of East Asia, Limited.
Mr. Dominic Pang, Chairman of Asia Allied Infrastructure, said, "We would like to express our sincere appreciation to the banks for their continual trust and support to AAI, it means a lot to us. The new loan facility shows the banking community's confidence in the Group's strong fundamentals and development strategies. Riding on AAI's long-established strong business foundation, industry experience and healthy financial position, we will continue to capture market opportunities and do our best to enhance shareholders' value and return."
Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK)
Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure") is listed on the Main Board of the Hong Kong Stock Exchange under stock code 00711. The Group operates businesses such as construction engineering and management, property development and assets leasing, security and facility management, tunnel management, non-franchised bus services, as well as medical technology and healthcare. Its subsidiary "Chun Wo" is a renowned construction contractor and property developer in Hong Kong. Chun Wo's solid construction experience and professional capabilities have enabled the Group to seize suitable development opportunities, allowing the Group to enhance its overall profitability and investment value.
Topic: Press release summary
Sectors: Daily Finance, Daily News, Construct, Engineering
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
HKTDC Maintains 3% Export Growth Forecast
June 18, 2025 23:06 HKT/SGT
|
|
|
"J-Style Trip Season 3" Tops Ratings for Twelve Consecutive Episodes 
June 18, 2025 22:21 HKT/SGT
|
|
|
Data Turing Launches to Automate Brand Reputation Using Verifiable Truth
June 18, 2025 22:00 HKT/SGT
|
|
|
New method to blend functions for soft electronics
June 18, 2025 20:00 HKT/SGT
|
|
|
Canstar Strengthens Technical Advisory Board with the Appointment of Geologist and VMS Mineralization Expert, Dr. Stephen J. Piercey, P.Geo., FGC
June 18, 2025 19:09 HKT/SGT
|
|
|
CleverTap Launches 'Promos' - The Industry-First All-In-One Rewards Management Platform
Wednesday, June 18, 2025 7:00:00 PM
|
|
|
Fujitsu awarded contract to design next-generation flagship supercomputer FugakuNEXT
Wednesday, June 18, 2025 10:35:00 AM
|
|
|
'Talon Academy' Triumphs as RoV Championship After Intense Battle Against 'Dream' at the depa ESPORTS TOURNAMENT Grand Final
June 18, 2025 01:00 HKT/SGT
|
|
|
ICDM: Boards Must Be Held to the Highest Standards of Rigour and Accountability, with Expectations to 'Be More' Visionary, Resilient and Engaged
June 18, 2025 00:30 HKT/SGT
|
|
|
Hola Prime Enhances Trader Edge with Powerful FX Replay Backtesting Tool
June 17, 2025 22:00 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
