AviChina Acquires Equity Interests in AVIC Jierui
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AviChina Industry & Technology Co. Ltd. is acquiring a 10% equity interest in AVIC Jierui through its subsidiary Keeven Aviation Instrument. The shares are purchased from Aviation Industrial Fund and Ruitexin to strengthen AviChina’s airborne industry chain and enhance product research and development synergy. AVIC, controlled by the State Council of the PRC, remains the controlling shareholder of AviChina, with certain board members abstaining from voting on the acquisition.
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