Article: AEROSUN CORP. GRANTED TO PURCHASE ARM OF CASIC


AsiaInfo Services
09-04-2007
Aerosun Corp. Granted to Purchase Arm of CASIC

CHONGQING, Sep 04, 2007 (SinoCast via COMTEX) -- Aerosun Corporation (SHSE: 600501), China's largest manufacturer of refitted special purpose vehicles, has notified that it is approved to purchase a 14.74% stake in Chongqing Aerospace New Century Satellite Application Technology Co., Ltd., a subsidiary of China Aerospace Science and Industry Corporation (CASIC).

The Commission of Science, Technology and Industry for National Defense has allowed the Nanjing-based listed company to buy the stake in the Chongqing seller from Aicinoco Ltd. (SHSE: 600271) for CNY 5.85 million, and to raise the stake in the company to ...

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