|
| 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
Tianci international: Discussing Strategic Opportunities for the Shipping and Logistics Industry to Integrate with Blockchain technology and RWA
July 10, 2025 12:30 HKT/SGT
|
|
|
Tradable Bits Powers Fan Engagement for Rugby Australia's Hosting of the Qatar Airways British & Irish Lions Men's Tour 2025
July 10, 2025 07:30 HKT/SGT
|
|
|
Hola Prime Unveils 'Hola Prime Futures' with Industry-First 1-Hour Withdrawals, Expands Forex Offering with MT4 Integration 
July 10, 2025 07:00 HKT/SGT
|
|
|
SAPPE's Female CEO Takes the World Stage at the Global Summit of Women 2025 in Berlin, Germany
July 9, 2025 22:00 HKT/SGT
|
|
|
Cornerstone Robotics Launches First Clinical Evaluation of its Hong Kong-Developed Surgical Robotic System in UK
July 9, 2025 20:32 HKT/SGT
|
|
|
Standard Chartered GBA Business Confidence Survey points to further tariff drag in H2
July 9, 2025 18:55 HKT/SGT
|
|
|
XDS Datacentres and ICS Arabia partner to launch landmark 10MW Immersive Cooling Data Center in KSA
July 9, 2025 13:00 HKT/SGT
|
|
|
Malaysia and France Strengthen Defence Industry Ties with Landmark MoU Signing
July 9, 2025 12:08 HKT/SGT
|
|
|
GMG Commencing Sales of G(R) Lubricant and Advancing Regulatory Approvals
July 9, 2025 09:00 HKT/SGT
|
|
|
"Development of Integrated Simulation Platform for Sustainable and Competitive Maritime Industry" has been selected as a R&D project under K Program
Tuesday, July 8, 2025 7:30:00 PM
|
|
|
|
|
More Press release >> |
|
|
|
