AVIC Aircraft to acquire Xi'an Aircraft and other assets via equity swap

AVIC Aircraft Co. Ltd. will acquire Xi'an Aircraft Industry Group Co. Ltd. and two other aviation assets via an equity swap, paying 2.98 billion yuan in assets and cash, to become China's premier aircraft manufacturer.

“The series of moves will see Xi'an Aircraft Industry Group Co. Ltd. along with two other aviation assets, moved into AVIC Aircraft Co. Ltd. via equity swaps.”caixinglobal.com

• 1 source
• caixinglobal.comAsset Swap Gives Lift to China’s Boeing Challenger - Caixin GlobalJia Tianqiong, Lu YutongSep 28, 2020

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