AviChina Industry & Technology Co (HK:2357) has released an update.
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AviChina Industry & Technology Co. has announced a capital contribution agreement where its subsidiary, AVIC Airborne, will inject RMB 250 million into AVIC Kaitian. This transaction will increase AVIC Airborne’s stake in AVIC Kaitian from approximately 61.16% to 65%, enhancing its control and boosting aviation technology innovation efforts. The move is part of AviChina’s strategy to strengthen operational capabilities and drive technological advancements.
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