AviChina Subsidiary to Acquire Partnership Interest from AVIC Unit
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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.
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