Brief: AviChina Industry & Technology Says Avic Chengdu CAIC Electronics Proposed To Increase Its Share Capital

AviChina Industry & Technology Co

10/12/2021 10:20

Dec 10 (Reuters) - AviChina Industry & Technology Co Ltd
 2357.HK :
    * AVIC CHENGDU CAIC ELECTRONICS PROPOSED TO INCREASE ITS
SHARE
CAPITAL AND RAISE TOTAL ABOUT RMB500 MILLION
    * POST CAPITAL INCREASE, ESTIMATED THAT AVIC CAIC WILL BE
INDIRECTLY HELD AS TO 62.50% BY CO
    * AVIC CAIC PROPOSED TO CONVERT STATE-OWNED CAPITAL RESERVE
OF
RMB109.8 MILLION INTO SHARE CAPITAL TO BE HELD BY AVIC

Further company coverage:  2357.HK 

 ((Reuters.Briefs@thomsonreuters.com;))