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AVIC Electronics to sell Shaanxi Baocheng to AVIC Airborne Systems · Endata

◂ Announcements

Aerospace Componentsworld trade 2024+1.2% 5Y CAGR

Dec 4, 2019ACQUISITIONChina

AVIC Electronics to sell Shaanxi Baocheng to AVIC Airborne Systems

AVIC Electronics (a subsidiary of AVIC) signed an agreement to sell 100% equity of Shaanxi Baocheng to AVIC Airborne Systems for RMB 482 million.

Value

$68.5M (482.0M CNY)

Status

Announced

Productsaviation gyro instrumentsairborne navigation systemssensorsemergency magnetic compasses

CompaniesAVIC Electronics AVIC Group investor AVIC Airborne Systems acquirer Shaanxi Baocheng target

Sectors#Aerospace Components

“出售陕西宝成的股权将增加中航电子的盈利能力，进而促进中航电子可持续发展。”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com中航科工(02357)：中航电子拟4.82亿元向中航机载系统出售陕西宝成全部股权Dec 5, 2019

Summarized from public sources; check the original articles before acting on it.

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