# Guanglian Aviation to acquire remaining 30% stake in Chengdu Hangxin for CNY 120 million

Guanglian Aviation announced on June 12, 2022, that it plans to invest CNY 120 million to acquire the remaining 30% equity of Chengdu Hangxin, making it a wholly-owned subsidiary. The move aims to enhance its presence in the Southwest China aerospace manufacturing market.

- Type: Acquisition
- Announced: 2022-06-12
- Where: Chengdu, Sichuan, China
- Value: $17.8M (120.0M CNY)
- Status: announced
- Products: aerospace components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Chengdu Hangxin](https://endata.com/companies/63413.md) (target)
- [Guanglian Aviation](https://endata.com/companies/63417.md) (acquirer)

## Sources

- [finance.cngold.org](https://finance.cngold.org/c/2022-06-13/c8149064.html), 2022-06-13: "公司拟出资1.2亿元收购成都航新30%股权。"

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