Asia Allied Infrastructure Holdings' (HKG:0711) subsidiary Silver Genius International agreed to purchase 51% of the issued share capital of Manbond Supply Chain (HK) from Yan Trade (BVI) Holding for HK$47.5 million.

the company will allot and issue 95,007,857 shares, credited as fully paid, to Yan's Family (BVI) Holding, the designated entity by the vendor, to settle the consideration for the purchase, a Tuesday Hong Kong bourse filing said.

The consideration shares to be issue represent y 5.10% of the enlarged issued shares of the company and will be issued under the general mandate. The company will apply for the listing of and permission to deal in the consideration shares to the stock exchange.