Property News · January 3, 2018

Hong Kong construction firms join forces to invest US$100m to acquire builders in the region


A consortium of Hong Kong construction-related firms will be formed to look for acquisition opportunities in countries covered by Beijing’s “Belt and Road Initiative” to offset shrinking profit margins from fierce competition at home.
Led by Hong Kong-listed Asia Allied Infrastructure Holdings (AAIH), the consortium plans to pull in about US$100 million to invest in firms in the belt and road countries.
Dominic Pang Yat-ting, chairman of AAIH, said the initial target was to…

Source : South China Morning Post
Read more…Hong Kong construction firms join forces to invest US0m to acquire builders in the region