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Article: AVIC TO MAKE 80% OF ASSETS PUBLIC IN 5YRS
- Article from:
- AsiaInfo Services
- Article date:
- May 21, 2009
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AsiaInfo Services
05-21-2009
AVIC to Make 80% of Assets Public in 5Yrs
BEIJING, May 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Aviation Industry Corporation (AVIC) will inject 80% of total assets into its listed subsidiaries in the coming three to five years, revealed Ye Xiaobin, project manager for Yufeng Fund Management Co., Ltd.
Co-founded by the domestic aviation conglomerate and a subsidiary of China Construction Bank (CCB; SHSE: 601939; SEHK: 0939), Yufeng Fund Management is specially responsible for management of the China Aviation Industry Fund (transliterated).
The fund with an original capital of CNY 5 billion is under construction now, and it is designed to make ...