<div id="readability-page-1"><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks </li></ul>AviChina Industry &amp; Technology Co ( (HK:2357) ) has provided an announcement. AviChina Industry &amp; Technology Co said its subsidiary AVIC Airborne is proceeding with the planned acquisition of a 59.1816% partnership interest in AIC Yuhua from AVIC Industry Investment, but key approvals remain outstanding. The parties have signed a supplemental agreement extending the deferred effective period for the partnership interest transfer from 150 to 200 days, while leaving other terms unchanged. Under the revised terms, AVIC Industry Investment is now explicitly responsible for securing AVIC’s formal approval of the acquisition and completing the required filing of the valuation report with state-owned assets supervisors. If these conditions are not met by the end of the extended period, the transfer agreements will lapse, and AVIC Industry Investment must refund AVIC Airborne’s initial payment with interest, a structure the board describes as fair and in the interests of the company and its shareholders. More about AviChina Industry &amp; Technology Co AviChina Industry &amp; Technology Co is a joint stock company incorporated in the PRC and listed in Hong Kong, operating in the aviation and aerospace sector through various subsidiaries. The group focuses on aircraft and related technologies, and uses connected transactions within the AVIC group structure as part of its capital and asset management activities. Average Trading Volume: 23,859,605 Technical Sentiment Signal: Sell Current Market Cap: HK$27.9B </div>

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AviChina Industry & Technology Co has announced that its subsidiary, AVIC Airborne, is extending the deadline for acquiring a 59.1816% stake in AIC Yuhua from AVIC Industry Investment from 150 to 200 days due to outstanding approvals. The agreement stipulates that AVIC Industry Investment must secure necessary approvals and file a valuation report. If not completed by the new deadline, the transfer agreements will lapse, and AVIC Industry Investment must refund the initial payment with interest. This decision is deemed fair for the company and its shareholders.

AviChina Extends Deadline for AVIC Airborne’s Acquisition of AIC Yuhua Stake