# Avic Helicopter receives state approval for asset restructuring to acquire Changhe and Harbin aircraft

Avic Helicopter Co., Ltd. (600038.SH) has received approval from the State-owned Assets Supervision and Administration Commission (SASAC) for its plan to issue shares to acquire 100% equity of Changhe Aircraft Industry Group and Harbin Aircraft Industry Group, as part of a major asset restructuring.

- Type: Acquisition
- Announced: 2023-09-20
- Where: China
- Status: announced
- Products: helicopters
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Changhe Aircraft Industry Group](https://endata.com/companies/67732.md) (target)
- [Harbin Aircraft Industry Group](https://endata.com/companies/67733.md) (target)
- [Avic Helicopter Co., Ltd.](https://endata.com/companies/72725.md) (acquirer)
- [Avic Industry Corporation](https://endata.com/companies/72726.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/997464.html), 2023-09-20: "公司拟发行股份购买昌河飞机工业(集团)有限责任公司和哈尔滨飞机工业集团有限责任公司100%股权并募集配套资金。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/997509.html), 2023-09-20: "为进一步实现直升机业务的整合，促进上市公司高质量发展，中航直升机股份有限公司拟发行股份购买昌河飞机工业(集团)有限责任公司和哈尔滨飞机工业集团有限责任公司100%股权并募集配套资金。"

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