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Guanglian Aviation announced on June 12, 2022, that it plans to invest CNY 120 million to acquire the remaining 30% equity of Chengdu Hangxin, making it a wholly-owned subsidiary. The move aims to enhance its presence in the Southwest China aerospace manufacturing market.
Guanglian Aviation Industry Co., Ltd. announced plans to acquire 30% of Chengdu Hangxin's capital for ¥120 million (RMB), valuing the target at ¥400 million. After completion, Guanglian will own 100% of Chengdu Hangxin, making it a wholly owned subsidiary.