Allied Group Discloses Significant Financial Assistance to Affiliates
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Allied Group Limited has disclosed providing financial assistance and guarantees totaling approximately HK$9.21 billion to its affiliates, representing about 8.08% of its total assets, exceeding the 8% threshold set by the Hong Kong Stock Exchange. This significant financial involvement may impact the company's financial stability and stakeholder interests. The current analyst rating for Allied Group (HK:0373) is a Hold with a price target of HK$1.50.
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