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Guotai CSI Military Industry ETF
512660.SH
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AviChina Expands Airborne Business with Strategic Acquisition

AviChina Industry & Technology Co. announced that its subsidiary, AVIC Airborne, will acquire a 59.1816% partnership interest in AIC Yuhua from AVIC Industry Investment for RMB 202,105,702.57. This acquisition aims to enhance AviChina's airborne business chain. The transaction is subject to reporting and announcement requirements but is exempt from circular and independent shareholders’ approval requirements.

Tip Ranks·
SH
600372
-0.90%
HK
02357
+0.52%
Tip Ranks·
SH
600372
-0.90%
HK
02357
+0.52%

AviChina Subsidiary to Acquire Partnership Interest from AVIC Unit

AviChina's subsidiary, AVIC Airborne, is acquiring a partnership interest in AIC Yuhua from AVIC Aviation Industry Investment Co. The move aims to enhance AviChina's airborne business and strengthen synergies. Non-executive directors from AVIC abstained from voting on the acquisition. The transaction's completion depends on the partnership interest transfer agreement terms.

Reuters·
HK
02357
+0.52%
SH
600372
-0.90%
Reuters·
HK
02357
+0.52%
SH
600372
-0.90%

CSSC (Hong Kong) Shipping (SEHK:3877): Valuation Check After Auditor Resignation and Baker Tilly Appointment

CSSC (Hong Kong) Shipping's long-standing auditor, Grant Thornton, resigned over a fee dispute, with Baker Tilly appointed as the new auditor. Despite this governance issue, the company's stock shows solid momentum with a 90-day return of 7.85% and a three-year return of 133.53%. The stock is considered undervalued with a P/E ratio of 6.8x, compared to the industry average of 15.8x, suggesting potential for valuation growth. However, governance concerns and market conditions could impact this outlook.

Simplywall·
SH
600150
-0.47%
Simplywall·
SH
600150
-0.47%

CSSC Offshore & Marine Engineering Announces Fourth EGM of 2025

CSSC Offshore & Marine Engineering announced its fourth extraordinary general meeting of 2025 to discuss key resolutions: the 2026 Continuing Connected Transactions Framework Agreement with China State Shipbuilding Corporation Limited and the 2026 Financial Services Framework Agreement with CSSC Finance Company Limited. These agreements are vital for the company's future operations and strategic positioning in the industry.

Tip Ranks·
SH
600150
-0.47%
Tip Ranks·
SH
600150
-0.47%

Chinese Shipbuilding Giant CSSC Secures USD7.1 Billion Order for Record 87 Vessels From Cosco Shipping

China State Shipbuilding Corporation (CSSC) secured a record order for 87 vessels worth USD7.1 billion from Cosco Shipping. The contract, signed in Shanghai, involves various types of ships and marks the largest domestic contract for a Chinese shipbuilder. CSSC Holdings highlighted the record cross-border yuan settlement of CNY47 billion. Shares of CSSC Holdings rose 2.4% following the announcement.

Yicai·
SH
600150
-0.47%
Yicai·
SH
600150
-0.47%
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