English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 25 June 2018, 18:48 HKT/SGT
Share:
    

Source: Asia Allied Infrastructure Holdings Limited
Asia Allied Infrastructure Concludes HK$1.2 Billion 3 Years Term Loan And Revolving Credit Facility Agreement
Avails Abundant Financial Resources to Support Business Development
Reinforces the Group's Development Strategy

HONG KONG, June 25, 2018 - (ACN Newswire) - Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure" or "the Group") (stock code: 00711) is pleased to announce today that it has entered into a HK$1.2 billion term loan and revolving credit facility agreement with five banks. Part of the loan will be used to restructure the loan portfolio of the Group, while the rest will be used to support future operations and development. This facility will lower the finance cost of the Group, enhance its financial flexibility and funding capability, as well as enable the Group to accelerate its business expansion.


The three-year facility of HK$1.2 billion carrying an interest rate of HIBOR+1.65% was arranged by Hang Seng Bank Limited, Industrial and Commercial Bank of China (Asia) Limited, Chong Hing Bank Limited, Fubon Bank (Hong Kong) Limited and United Overseas Bank Limited.

Mr. Dominic Pang, Chairman of Asia Allied Infrastructure, said, "The overwhelming response to this facility is a clear signal of the great trust and a strong vote of confidence in the Group from the banking community. The long-term cooperation with the banking community has enabled the Group to focus on diversifying its business strategically and actively participate in large-scale infrastructure projects. As an industry leader and armed with ample capital, as well as seasoned management, the Group is well positioned to capitalize on future business opportunities with the loan facility. With a healthy financial position and good relationships with banks, we are confident in our ability to capitalize on the opportunities ahead to enhance shareholder value."

Photo: https://www.acnnewswire.com/topimg/Low_AAI20180625.jpg
Photo Caption: Mr. Dominic Pang, Chairman of Asia Allied Infrastructure (Fifth from right); Mr. Jerry Xu, Deputy Chairman of Asia Allied Infrastructure (Third from left), Ir Dr. Derrick Pang, JP, Chief Executive Officer and Chief Operating Officer of Asia Allied Infrastructure (Third from right), Mr. Martin Shea, Chief Financial Officer and Company Secretary of Asia Allied Infrastructure (Second from right) together with representatives of Hang Seng Bank Limited, Industrial and Commercial Bank of China (Asia) Limited, Chong Hing Bank Limited, Fubon Bank (Hong Kong) Limited, and United Overseas Bank Limited attended the signing ceremony.

Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK)
Asia Allied Infrastructure Holdings Limited ("AAI") is listed on the Main Board of the Hong Kong Stock Exchange under stock code 00711. It is engaged in various businesses including construction engineering and management, property development, security services and property management. With Hong Kong as its business development base, AAI is also exploring development opportunities with Asia as the main focus, as well as in overseas markets. Its subsidiary "Chun Wo" is a renowned construction contractor and property developer in Hong Kong, which enables AAI to capitalise on that company's solid construction experience and professional capabilities to seize the opportunities for infrastructure development in countries along the area of the "Belt and Road" initiative, and, ultimately, to increase overall profitability and create higher investment value.

For press enquiries:
Strategic Financial Relations Limited
Cindy Lung (852) 2864 4867 cindy.lung@sprg.com.hk
Carven Tsui (852) 2864 4859 carvensm.tsui@sprg.com.hk
Wilson Ngan (852) 2114 4318 wilson.ngan@sprg.com.hk


Topic: Press release summary
Source: Asia Allied Infrastructure Holdings Limited

Sectors: Daily Finance, Daily News, Construct, Engineering
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Asia Allied Infrastructure Holdings Limited Releated News
Oct 7, 2021 16:24 HKT/SGT
Mattex Asia Announces Partnership With Build King
Oct 7, 2021 16:15 HKT/SGT
材迅亚洲宣布与利基控股成为合作伙伴
Oct 7, 2021 16:14 HKT/SGT
材迅亞洲宣佈與利基控股成為合作夥伴
Aug 25, 2021 19:08 HKT/SGT
俊和承辦的菲律賓NOVALICHES至BALARA輸水隧道4號項目順利貫通
Aug 25, 2021 19:08 HKT/SGT
俊和承办的菲律宾NOVALICHES至BALARA输水隧道4号项目顺利贯通
More news >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575