Business Daily Media

Men's Weekly

.

Asia Allied Infrastructure Joins Hands with Top Spring International

  • Written by ACN Newswire
Asia Allied Infrastructure Joins Hands with Top Spring International
HONG KONG, Mar 7, 2018 - (ACN Newswire) - Asia Allied Infrastructure Holdings Limited ("AAI") (stock code: 00711) and Top Spring International Holdings Limited ("Top Spring") (stock code: 03688) are pleased to jointly announce that the two entities are entering into a long-term collaboration to develop property business in Hong Kong, with the first kick-off project being a low-density premium residential property project (the "Project") located at Waterloo Road in Kowloon Tong, Hong Kong.

Riding on AAI's experience in property development, construction and project management in Hong Kong, and Top Spring's diverse capabilities in developing residential and premium property projects across the PRC, the collaboration will seek to capture the lucrative opportunities associated with the Hong Kong property market in the coming years.

Mr. Dominic Pang, Chairman of AAI, said, "We believe the collaboration with Top Spring will advance AAI's expansion in the Hong Kong property market. Given the positive market sentiments and consistently high local demand, we are confident that the Waterloo Road project will serve as a good starting point of our collaboration."

Mr. Wong Chun Hong, Chairman and Co-Chief Executive Officer of Top Spring, said, "We are excited to be cooperating with AAI on the Waterloo Road premium residential project, and we will be looking forward to more collaborations in future riding on the experience and expertise of both sides."

Banking facilities of approximately HK$935 million has been granted to the joint venture company running the Project, demonstrating the banking community's support to AAI and Top Spring. The funds will be used mainly for relevant development works related to the Project.

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, project consultancy, property development, security services and property management, tunnel management, safe deposit box services, construction finance and investment, online procurement of construction materials, etc. 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 "Belt and Road" initiative, and, ultimately, to increase overall profitability and create higher investment value. For details, please refer to the company website: http://www.asiaalliedgroup.com[1]

Top Spring International Holdings Limited (stock code: 03688.HK)Top Spring International Holdings Limited ("Top Spring") is a real estate property developer in the PRC, specializing in the development and operation of urban mixed-use communities and the development and sale of residential properties in the Pearl River Delta, the Yangtze River Delta, the Central China, the Beijing-Tianjin and the Chengdu-Chongqing regions in the PRC. As at 30 June 2017, the Group had a total of 23 projects over 13 cities in various stages of development totaling an estimated net saleable/ leasable GFA of approximately 2,515,267 sq.m. For details, please refer to the company website: http://www.topspring.com[2]

For press enquiries:Strategic Financial Relations LimitedJoanne Lam (852) 2864 4816 [email protected]Cindy Lung (852) 2864 4867 [email protected] Jenny Lam (852) 2864 4883 [email protected][3][4][5]

Topic: Press release summarySectors: Daily Finance, Daily News, Const/Eng[6][7][8] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ http://www.asiaalliedgroup.com (www.asiaalliedgroup.com)
  2. ^ http://www.topspring.com (www.topspring.com)
  3. ^ [email protected] (www.acnnewswire.com)
  4. ^ [email protected] (www.acnnewswire.com)
  5. ^ [email protected] (www.acnnewswire.com)
  6. ^ Daily Finance (www.acnnewswire.com)
  7. ^ Daily News (www.acnnewswire.com)
  8. ^ Const/Eng (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/41897/

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Sell by LayBy