# 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.

- Type: Acquisition
- Announced: 2019-12-04
- Where: China
- Value: $68.5M (482.0M CNY)
- Status: announced
- Products: aviation gyro instruments, airborne navigation systems, sensors, emergency magnetic compasses
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Electronics](https://endata.com/companies/43740.md)
- [AVIC Group](https://endata.com/companies/13184.md) (investor)
- [AVIC Airborne Systems](https://endata.com/companies/43741.md) (acquirer)
- [Shaanxi Baocheng](https://endata.com/companies/43742.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/257419.html), 2019-12-05: "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。"

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