# Hongdu Aviation to swap assets with parent Hongdu Group in restructuring

Hongdu Aviation, a subsidiary of AVIC, signed an asset swap agreement with its parent Hongdu Group. Hongdu Aviation will acquire defense business assets worth about RMB 1.362 billion and transfer parts manufacturing assets worth about RMB 2.208 billion, expecting a gain of about RMB 7.12 million.

- Type: Acquisition
- Announced: 2019-05-31
- Where: China
- Value: $320.0M (2.21B CNY)
- Status: announced
- Products: defense business assets, aircraft parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Hongdu Aviation](https://endata.com/companies/39698.md)
- [AVIC Group](https://endata.com/companies/13184.md) (investor)
- [Hongdu Group](https://endata.com/companies/39699.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/208520.html), 2019-05-31: "为优化公司附属洪都航空的资源配置，改善产业结构，进而增强其竞争力和盈利能力，洪都航空及洪都集团签订了资产置换协议。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.