# Guanglian Aviation to acquire 30% stake in Chengdu Hangxin for ¥120M

Guanglian Aviation Industry Co., Ltd. announced plans to acquire 30% of Chengdu Hangxin's capital for ¥120 million (RMB), valuing the target at ¥400 million. After completion, Guanglian will own 100% of Chengdu Hangxin, making it a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2022-06-12
- Where: China
- Status: announced
- Products: aerospace metal and composite parts, aviation MRO services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Guanglian Aviation Industry Co., Ltd.](https://endata.com/companies/61692.md) (acquirer)
- [Chengdu Hangxin](https://endata.com/companies/63413.md) (target)

## Sources

- [airgways.com](https://airgways.com/2022/06/12/guanglian-adquiriria-30-chengdu/), 2022-06-12: "Guanglian Aviation announced that the company plans to purchase 30% of Chengdu Hangxin's equity at a valuation of ¥ 400 million Yuan upon payment of cash consideration."

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