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BRIEF-China Avionics Systems Plans To Acquire AVIC Electromechanical Systems

reuters.com · 06/10/2022 06:34
BRIEF-China Avionics Systems Plans To Acquire AVIC Electromechanical Systems

- China Avionics Systems Co Ltd 600372.SS:

  • SAYS IT PLANS TO ACQUIRE AVIC ELECTROMECHANICAL SYSTEMS VIA ISSUANCE OF A-SHARES FOR SHARE SWAP

  • SAYS IT PLANS TO RAISE UP TO 5.0 BILLION YUAN ($747.16 million) IN SHARE PRIVATE PLACEMENT

  • SAYS TRADING IN SHARES TO RESUME ON JUNE 13

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Further company coverage: 600372.SS


($1 = 6.6920 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

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