ASIA ALLIED INFRASTRUCTURE HOLDINGS LIMITED


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Asia Allied Infrastructure Concludes HK$1.1 Billion 3-Year Term Loan Agreement

Retrieved on: 
Tuesday, March 14, 2023

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.

Key Points: 
  • 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.
  • 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.
  • 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.

Mattex Asia Announces Partnership With Build King

Retrieved on: 
Thursday, October 7, 2021

HONG KONG, Oct 7, 2021 - (ACN Newswire) - Mattex Asia Development Limited ("Mattex Asia"), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), today announced that Build King Holdings Limited ("Build King"), a major construction contractor in Hong Kong, has agreed to invest in the company and a cooperation agreement signing ceremony was held this morning.

Key Points: 
  • HONG KONG, Oct 7, 2021 - (ACN Newswire) - Mattex Asia Development Limited ("Mattex Asia"), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), today announced that Build King Holdings Limited ("Build King"), a major construction contractor in Hong Kong, has agreed to invest in the company and a cooperation agreement signing ceremony was held this morning.
  • Build King will become the strategic shareholder of Mattex Asia and the parties will cooperate in accelerating the digitalisation of processes used in construction material management and procurement.
  • Mattex Asia Development Limited ("Mattex") was found in 2017, as a member of Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK).
  • Build King Holdings Limited (Stock code: 00240.HK)
    Build King Holdings Limited ("Build King") provides extensive construction services in three main areas: civil engineering work, buildings and environment.

Novaliches-Balara Aqueduct 4 Project in The Philippines Successfully Completed Tunnel Breakthrough

Retrieved on: 
Wednesday, August 25, 2021

This marks an important milestone for Chun Wo as it is the first project for the company in the Philippines and is part of the strategy of tapping into the Southeast Asia market.

Key Points: 
  • This marks an important milestone for Chun Wo as it is the first project for the company in the Philippines and is part of the strategy of tapping into the Southeast Asia market.
  • Upon completion, the new aqueduct is expected to improve the reliability and security of the raw water transmission system in the eastern portion of Metro Manila.
  • Chun Wo has participated as part of the Novabala JV Corp. (NBJVC) which also includes First Balfour, Inc. (Philippines) and CMC di Ravenna (Italy).
  • In August 2017, it signed the design-and-build contract for the aqueduct project - a collaboration among Manila Water, Metropolitan Waterworks and Sewerage System (MWSS), NBJVC, and Arup.

See Change Education Joins "Go Hong Kong Team" Campaign

Retrieved on: 
Friday, July 30, 2021

HONG KONG, July 30, 2021 - (ACN Newswire) - See Change Education, a wholly owned subsidiary of Asia Allied Infrastructure Holdings Limited, took part in the "Go Hong Kong Team" Campaign, organised by the Hong Kong Olympic Fans Club and co-organised by Key Connect last weekend.

Key Points: 
  • HONG KONG, July 30, 2021 - (ACN Newswire) - See Change Education, a wholly owned subsidiary of Asia Allied Infrastructure Holdings Limited, took part in the "Go Hong Kong Team" Campaign, organised by the Hong Kong Olympic Fans Club and co-organised by Key Connect last weekend.
  • Ms Rita Pang, Founder of See Change Education, said, "By discussing current affairs, I believe that children can apply critical thinking and communication skills to their daily lives.
  • See Change Education runs global classrooms for students aged 5 - 18.
  • See Change Education booths include an Olympic theme "check-in booth" for photo taking and booths for balloon twisting and souvenir distribution.

Chun Wo Announces Research and Development Results of "Modular Integrated Construction Systems"

Retrieved on: 
Monday, November 23, 2020

HONG KONG, Nov 23, 2020 - (ACN Newswire) - Chun Wo Construction Holdings Company Limited ("Chun Wo") has been actively developing innovative technologies targeting the construction industry so as to enhance construction efficiency and promote the transformation of the industry.

Key Points: 
  • HONG KONG, Nov 23, 2020 - (ACN Newswire) - Chun Wo Construction Holdings Company Limited ("Chun Wo") has been actively developing innovative technologies targeting the construction industry so as to enhance construction efficiency and promote the transformation of the industry.
  • To complement the major trend towards innovative development by the construction industry, Chun Wo and The P&T Group ("P&T") have developed an advanced "wall connection technology" that is applicable to Concrete "Modular Integrated Construction" Systems ("Concrete MiC").
  • MiC technology is a state-of-the-art construction method that transfers on-site construction procedures to the factory.
  • Sr Stephen Lee, Chief Executive Officer of Chun Wo Construction Holdings Company Limited, said, "The Company has over the years been committed to developing innovative construction technologies.