Brief: Avichina Industry & Technology Says Update On Proposed Restructuring

AviChina Industry & Technology Co

09/01/2023 14:13

Jan 9 (Reuters) - AviChina Industry & Technology
 2357.HK :
    * UPDATE ON PROPOSED RESTRUCTURING
    * AGREEMENT ON ACQUISITION OF ASSETS BY ISSUE OF SHARES
    * AVICOPTER INTENDS TO PURCHASE 92.43% STAKE IN CHANGHE
AIRCRAFT,
80.79% STAKE IN HARBIN AIRCRAFT FROM CO
    * AVICOPTER INTENDS TO PURCHASE 7.57% STAKE IN CHANGHE
AIRCRAFT,
19.21% STAKE IN HARBIN AIRCRAFT FROM AVIC
    * ISSUE PRICE OF SHARES UNDER ACQUISITION OF ASSETS BY ISSUE
OF
SHARES SHALL BE RMB39.53 PER SHARE
    * AVICOPTER INTENDS TO ISSUE SHARES TO COMPANY, AVIC
AIRBORNE
SYSTEMS
    * COMPANY AND AVIC AIRBORNE SYSTEMS INTEND TO SUBSCRIBE FOR
PART
OF NON-PUBLIC PORTION OF ISSUE OF SHARES BY AVICOPTER
    * NUMBER OF SHARES TO BE ISSUED IS NOT EXPECTED TO EXCEED
30% OF
TOTAL SHARE CAPITAL OF AVICOPTER
    * CO INTENDS TO SUBSCRIBE SHARES IN AMOUNT OF RMB200 MILLION
UNDER
RAISING OF SUPPORTING FUNDS
    * AVIC AIRBORNE SYSTEMS INTENDS TO SUBSCRIBE SHARES IN
AMOUNT OF
RMB100 MILLION UNDER RAISING OF SUPPORTING FUNDS

Further company coverage:  2357.HK 
 ((Reuters.Briefs@thomsonreuters.com;))