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Article: AVICHINA TARGETS LEADING AVIATION MANUFACTURER
- Article from:
- AsiaInfo Services
- Article date:
- June 30, 2009
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AsiaInfo Services
06-30-2009
AviChina Targets Leading Aviation Manufacturer
HONG KONG, Jun 30, 2009 (SinoCast Daily Business Beat via COMTEX) -- AviChina Industry & Technology Co., Ltd. (SEHK: 2357) is speeding up its business transformation to become a leader in the Chinese aviation manufacturing industry.
On November 6, 2008, China Aviation Industry Corporation (AVIC) took shape and succeeded AVIC II to become AviChina's majority shareholder, providing opportunities for the Hong Kong-listed arm to kick off a business transformation.
Half a year later, AviChina has gradually spun off affiliated automobile manufacturing business. On April 16, 2009, the company inked an agreement with ...