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AviChina Industry & Technology Co ( (HK:2357) ) has issued an update.
AviChina Industry & Technology Co., Ltd. announced a connected transaction involving its subsidiary, AVIC Airborne, acquiring a 59.1816% partnership interest in AIC Yuhua from AVIC Industry Investment for RMB 202,105,702.57. This acquisition aims to enhance the company’s airborne business chain and strengthen synergies within its operations. The transaction is subject to reporting and announcement requirements under the Listing Rules but is exempt from circular and independent shareholders’ approval requirements.
The most recent analyst rating on (HK:2357) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on AviChina Industry & Technology Co stock, see the HK:2357 Stock Forecast page.
More about AviChina Industry & Technology Co
AviChina Industry & Technology Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the aerospace industry. It focuses on the development and production of aviation products, with a market focus on enhancing its airborne business chain.
Average Trading Volume: 32,224,693
Technical Sentiment Signal: Hold
Current Market Cap: HK$31.17B
Learn more about 2357 stock on TipRanks’ Stock Analysis page.