Asia Allied Infrastructure Holdings Limited (SEHK:711) made an offer to acquire 30.77% stake in Modern Living Investments Holdings Limited (SEHK:8426) for approximately HKD 86.15 million on March 5, 2024. The price per share is HKD 0.35. Transaction is expected to complete on March 26, 2024. Red Solar Capital Limited as financial advisor to Modern Living Investments Holdings Limited. Somerley Capital Limited acted as financial advisor to Asia Allied Infrastructure Holdings Limited.

Asia Allied Infrastructure Holdings Limited (SEHK:711) completed the acquisition of 26.72% stake in Modern Living Investments Holdings Limited (SEHK:8426) for HKD75 million on March 26, 2024.