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Avicopter (Zhongzhi Co., Ltd.) announced it will acquire 100% of Changhe Aircraft Industry Group and Harbin Aircraft Industry Group from AVIC and AVIC Aerospace, via share issuance. The deal aims to consolidate helicopter R&D and production under A-share listing.
Avicopter's subsidiary AVIC Intelligence & Mapping Technology (AVIC Zhihui) signed a joint venture agreement with Jincheng Group and Nanjing Tianyue to establish AVIC Jinke. AVIC Zhihui will contribute RMB 100.32 million for a 44% stake, with Jincheng Group holding 46% and Nanjing Tianyue 10%.