# AVIC Helicopter receives regulatory approval for share issuance to acquire assets

AVIC Helicopter Co., Ltd. received approval from the China Securities Regulatory Commission to issue shares to acquire 100% equity of Changhe Aircraft Industries Group and Harbin Aircraft Industry Group, and to raise up to CNY 3 billion in supporting funds. The transaction is part of a helicopter business integration.

- Type: Acquisition
- Announced: 2024-02-01
- Where: China
- Value: $417.0M (3.00B CNY)
- Status: announced
- Products: helicopters
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Avic Helicopter Co., Ltd.](https://endata.com/companies/72725.md)
- [AVIC Group](https://endata.com/companies/13184.md) (acquirer)
- [Harbin Aircraft Industry Group](https://endata.com/companies/67733.md) (target)
- [Changhe Aircraft Industries Group](https://endata.com/companies/75378.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/1066861.html), 2024-02-01: "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"

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