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.
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.