# Titanium Technology to acquire 51% stake in Jinhang Company for up to 44.54 million yuan

China Satellite's investee company, Dongfang Lantian Titanium Technology Co., Ltd., plans to acquire 51% equity of China Aviation Development Shanxi Aviation Engine Maintenance Co., Ltd. through a property rights exchange at a price not exceeding 44.5357 million yuan.

- Type: Acquisition
- Announced: 2022-09-26
- Where: China
- Value: $6.20M (44.5M CNY)
- Status: announced
- Products: aviation engine maintenance
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [China Satellite](https://endata.com/companies/48390.md) (investor)
- [Dongfang Lantian Titanium Technology Co., Ltd.](https://endata.com/companies/65529.md) (acquirer)
- [China Aviation Development Shanxi Aviation Engine Maintenance Co., Ltd.](https://endata.com/companies/65530.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/797503.html), 2022-09-26: "中国卫星(600118.SH)发布公告，董事会审议通过关于同意钛金科技通过产权交易所受让晋航公司51%股权的议案"

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