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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.
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.