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SIA Engineering Company acquired a 30% stake in Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. for RMB 129 million (approximately $18.8-23.86 million). The joint venture with Xiamen Iport Group will expand MRO services across four airports in Fujian province, with a transition to the new Xiamen Xiang'an International Airport.
“SIA Engineering Company Limited (SIAEC) has successfully secured a 30% stake in Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. (Arport AME).”airpronews.com
Summarized from public sources; check the original articles before acting on it.