For Institutions
About
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.
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.
