HK SH ALLIANCE (01001.HK): Subsidiary Unsuccessful in Tender for Tsing Yi Advanced Construction Industry Building Project
NewTimeSpace News: HK SH ALLIANCE (01001.HK) announced on 9 July that its subsidiary’s tender submission for the government’s Tsing Yi Advanced Construction Industry Building project was unsuccessful. The Group stated that it has alternative operational arrangements in place and expects the tender result to exert no material adverse impact on its business operations and financial position. Shareholders and investors are advised to exercise caution.
NewTimeSpace News: On 9 July 2026, HK SH ALLIANCE (01001.HK) released an inside information announcement, disclosing that its subsidiary has not been awarded the tender for the development project of the Advanced Construction Industry Building located at Tsing Keung Street, Tsing Yi, New Territories, Hong Kong.
The Group said that it has formulated alternative plans for various business operations and will continue to adopt appropriate measures to support sustainable business development and operational demands. It is expected that this tender outcome will not cause any material adverse impact on the Group’s existing business operations and overall financial condition.
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