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Completion of Issuing Domestic Shares for Aquiring 100% of AVIC Planning
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  • Date: 2016-07-05 15:07:40

On 28 June 2016, AviChina completed issuance of domestic shares to AVIC for aquiring 100% euiqty interests in AVIC Planning. Upon the issuance, AviChina has total share capital of 5.966 billion shares, and its controlling shareholder AVIC hold 55.28%. The acquisition of AVIC Planning is an important step for AviChina becoming the platform of aviation high-tech business and relative high-tech business, which will extend business and also improve sales and profits of  AviChina. 

AviChina has started the acquisition of 100% equity interests in AVIC Planning since late September 2015. The price is RMB2.173 billion with a PE of 10.25 times.



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