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AVIC Shenyang to invest 160M yuan in Yangzhou Institute for 34.12% stake · Endata

◂ Announcements

Aerospace Componentsworld trade 2024+1.2% 5Y CAGR

Jan 13, 2023ACQUISITIONChina

AVIC Shenyang to invest 160M yuan in Yangzhou Institute for 34.12% stake

AVIC Shenyang (600760.SH) plans to invest 160 million yuan in cash to acquire a 34.12% stake in Yangzhou Collaborative Innovation Research Institute Co., Ltd., a subsidiary of AVIC. The transaction will reduce the stake of AVIC Shenyang Aircraft Design Institute from 100% to 65.88%.

Value

$23.6M (160.0M CNY)

Status

Announced

Productsaircraft design and manufacturing

CompaniesAVIC Group target AVIC Shenyang acquirer Yangzhou Collaborative Innovation Research Institute Co., Ltd. target

Sectors#Aerospace Components

“本次交易能够进一步加强公司与沈阳所、扬州院的业务联动与战略合作，推动实现设计研发、生产制造、维修服务资源的系统整合”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com中航沈飞(600760.SH)拟向航空工业集团下属扬州院增资1.6亿元获其34.12%股权Jan 13, 2023

Summarized from public sources; check the original articles before acting on it.

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