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Article: China: Optimistic aviation firm set to invest.
- Article from:
- TendersInfo
- Article date:
- August 26, 2009
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Byline: kusumv03
AviChina Industry & Technology (2357) said its parent plans to inject 150 billion yuan (HK$170.14 billion) or 80 percent of its total assets into its listed subsidiaries in three to five years.
Aviation Industry Corporation of China, AviChina's parent, has total assets of 310 billion yuan, with about 70 billion yuan already injected into 18 subsidiaries listed in the mainland and three in Hong Kong, said head of department of capital operation Li Ping.
The three subsidiaries listed in the SAR are AviChina, AVIC International (0232) and CATIC Shenzhen (0161). "We are optimistic about demand for aviation products in the second ...