Avic Aviation High-Technology to Proceed With 102-Million-Yuan Investment to Establish Shenzhen Subsidiary; Shares Up 6%

MT Newswires Live

Oct 21, 2024

Aviation materials manufacturer Avic Aviation High-Technology (SHA:600862) will go ahead with its plan to invest 102 million yuan to jointly establish a subsidiary in Shenzhen with AVIC Manufacturing and Changsheng Technology.

The subsidiary, tentatively named Shenzhen AVIC Aviation Manufacturing Technology Innovation Center, will manufacture and sell new materials and structures, according to an Oct. 19 filing with the Shanghai bourse.

Avic Aviation High-Technology will hold a 60% stake in the subsidiary. AVIC Manufacturing and Changsheng Technology will hold the remaining 30% and 10% stakes, respectively.

Shares of Avic Aviation High-Technology rose 6% in recent trade on the Shanghai bourse.

Price (RMB): Â¥23.92, Change: Â¥+1.4, Percent Change: +6.03%

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AVIC Manufacturing and Changsheng Technology will hold the remaining 30% and 10% stakes, respectively.</p><p>Shares of Avic Aviation High-Technology rose 6% in recent trade on the Shanghai bourse.</p><p>Price (RMB): Â¥23.92, Change: Â¥+1.4, Percent Change: +6.03%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0062","symbol_name":"通用航空","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2477888171","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477888171","pubTimestamp":1729493220,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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