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BRIEF-Avichina Industry & Technology Says AVIC Avionics Entered Into Share Swap & Absorption Agreement

reuters.com · 06/10/2022 10:56
BRIEF-Avichina Industry & Technology Says AVIC Avionics Entered Into Share Swap & Absorption Agreement

- AviChina Industry & Technology Co Ltd AVIJY:

  • AVIC AVIONICS AND AVIC ELECTROMECHANICAL HAVE ENTERED INTO SHARE SWAP AND ABSORPTION AGREEMENT

  • AVIC AVIONICS AND CO, AVIC AVIATION INDUSTRY INVESTMENT, AND OTHERS ENTERED INTO SUBSCRIPTION AGREEMENT RESPECTIVELY

  • CO AND AVIC AIRBORNE SYSTEMS HAVE ENTERED INTO ENTRUSTED VOTING ARRANGEMENT AGREEMENT

  • AVIC AVIONICS TO ISSUE AVIC AVIONICS A SHARES TO SHARE SWAP PARTICIPATING SHAREHOLDERS OF AVIC ELECTROMECHANICAL

  • AVIC AVIONICS INTENDED TO PLACE AVIC AVIONICS A SHARES TO RAISE FUND AT A TOTAL AMOUNT UP TO RMB5,000 MILLION

  • TO SUBSCRIBE FOR AVIC AVIONICS A SHARES AT TOTAL CONSIDERATION OF RMB500 MILLION IN CASH

  • UNDER AGREEMENT, ISSUE OF AVIC AVIONICS A SHARES IN EXCHANGE FOR AVIC ELECTROMECHANICAL A SHARES

  • UNDER DEAL, EXCHANGE RATIO IS OF 1 AVIC ELECTROMECHANICAL A SHARES TO 0.6605 AVIC AVIONICS A SHARE

  • POST SHARE SWAP & SUBSCRIPTION, AVIC AVIONICS WILL BE OWNED AS TO 27.52% BY AVIC AIRBORNE SYSTEMS, 16.92% BY CO

  • AVIC AVIATION INDUSTRY INVESTMENT TO SUBSCRIBE FOR AVIC AVIONICS A SHARES AT TOTAL CONSIDERATION OF RMB300 MILLION

Source text for Eikon: [ID:]

Further company coverage: AVIJY