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Article: AVIC PLANS OVERALL LISTING WITHIN 5YRS

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AsiaInfo Services
Article date:
September 21, 2009
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AsiaInfo Services
09-21-2009
AVIC Plans Overall Listing within 5Yrs

BEIJING, Sep 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Aviation Industry Corporation (AVIC) is brewing an overall listing within five years, disclosed a top executive of the leading aviation manufacturer.

80% of AVIC's assets will become listed within three years as the first step and the company will then speed up its growth through mergers and acquisitions.

Currently, among AVIC's 21 listed arms, Harbin Dong'an Auto Engine Co., Ltd. (SHSE: 600178) specializes in automobile manufacturing. Jiangxi Hongdu Aviation Industry Co., Ltd. (HDAA and SHSE: 600316) and Sichuan Chengfei Integration Technology ...

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