# 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%.

- Type: Acquisition
- Announced: 2023-01-13
- Where: China
- Value: $23.6M (160.0M CNY)
- Status: announced
- Products: aircraft design and manufacturing
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Group](https://endata.com/companies/13184.md) (target)
- [AVIC Shenyang](https://endata.com/companies/55702.md) (acquirer)
- [Yangzhou Collaborative Innovation Research Institute Co., Ltd.](https://endata.com/companies/67857.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/861786.html), 2023-01-13: "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"

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