# AVIC Industry-Finance to acquire Hangyu Rescue and Xi'an Brake Technology

AVIC Industry-Finance (02357) signed a framework agreement on January 8, 2024, to acquire 100% equity of Hangyu Rescue Equipment and Xi'an Aviation Brake Technology from its parent company AVIC and affiliates, to enhance its airborne business chain.

- Type: Acquisition
- Announced: 2024-01-08
- Where: China
- Status: announced
- Products: airborne rescue equipment, aviation brake systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Group](https://endata.com/companies/13184.md) (partner)
- [AVIC Industry-Finance](https://endata.com/companies/74813.md) (acquirer)
- [Hangyu Rescue Equipment](https://endata.com/companies/74814.md) (target)
- [Xi'an Aviation Brake Technology](https://endata.com/companies/74815.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1051602.html), 2024-01-08: "为进一步完善公司机载业务产业链，增强公司机载业务核心竞争力，于2024年1月8日，公司...签订了股权转让框架协议。"

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