Article: NAN FANG SPACE NAVIGATION FACES RESTRUCTURING


AsiaInfo Services
12-09-2008
Nan Fang Space Navigation Faces Restructuring

BEIJING, Dec 09, 2008 (SinoCast Daily Business Beat via COMTEX) -- China Aviation Industry Corporation (AVIC) announced on December 5, 2008, that Nan Fang Space Navigation Science & Technology Co., Ltd. (SZSE: 000738), operator of its affiliated business of aviation engine control system, had nailed down its restructuring plan.

Nan Fang Space Navigation is under the aegis of AVIC's engine branch, whose reshuffle was just carried out on November 20. In the future, it will become the company's capital operating platform of aviation engine control system.

According to the decision of Nan Fang Space Navigation's board ...

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