# Aecc Aviation Power completes acquisition of stakes in three engine companies

Aecc Aviation Power Co., Ltd completed the acquisition of 31.23% stake in China Hangfa Shenyang Liming Airline Engine Co., Ltd., 29.14% stake in AECC Guizhou Liyang Aviation Power Co., Ltd., and 13.26% stake in China Hangfa South Aviation Industry Co., Ltd. for CNY 9.8 billion via share issuance.

- Type: Acquisition
- Announced: 2020-09-11
- Where: China
- Value: $1.41B (9.80B CNY)
- Status: completed
- Products: aircraft engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Aecc Aviation Power Co., Ltd](https://endata.com/companies/49866.md) (acquirer)
- [China Hangfa Shenyang Liming Airline Engine Co., Ltd](https://endata.com/companies/49867.md) (target)
- [AECC Guizhou Liyang Aviation Power Co., Ltd](https://endata.com/companies/49868.md) (target)
- [China Hangfa South Aviation Industry Co., Ltd](https://endata.com/companies/49869.md) (target)

## Sources

- [hk.marketscreener.com](https://hk.marketscreener.com/quote/stock/AECC-AVIATION-POWER-CO-LT-9059412/news/Aecc-Aviation-Power-Co-Ltd-SHSE-600893-completed-the-acquisition-of-31-23-stake-in-China-Hangfa-S-33703464/), 2020-09-11: "Aecc Aviation Power Co.,Ltd (SHSE:600893) entered into an agreement to acquire 31.23% stake in China Hangfa Shenyang Liming Airline Engine Co., Ltd., 29.14% stake in AECC Guizhou Liyang Aviation Power Co., Ltd. and 13.26% stake in China Hangfa South Aviation Industry Co., Ltd. from group of sellers "

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