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Article: MAJOR SUBSIDIARY OF CHINA'S TOP AIRCRAFT MANUFACTURER TO GO PUBLIC.
- Article from:
- AsiaPulse News
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Nov 6 Asia Pulse - AVIC Aircraft Corporation Ltd., a major subsidiary of China's top aircraft manufacturer Aviation Industry Corporation of China (AVIC), will go public by injecting assets into AVIC's Shenzhen-listed arm, Xi'an Aircraft International Corp., China Daily reported Friday.
It was part of AVIC Aircraft's plan to complete an overall listing by 2011 amid a restructuring of China's aviation industry, the newspaper said.
The company planned to complete the asset restructuring by the first quarter of next year and use Xi'an Aircraft International as the platform for the listing, the newspaper said, citing Hu Xiaofeng, ...