Avichina (02357) announced in order to enhance the operational capabilities of AVIC Kaitian and to increase the momentum of aviation technology innovation, ...
According to the Zhixun Finance app, Avichina (02357) announced in order to enhance the operational capabilities of AVIC Kaitian and to increase the momentum of aviation technology innovation, the board of directors approved AVIC Kaitian, AVIC Airborne Systems, and other existing shareholders of AVIC Kaitian to sign a capital increase agreement on 25th October 2024. AVIC Airborne Systems plans to increase the capital of AVIC Kaitian by CNY 0.25 billion in cash, while other existing shareholders of AVIC Kaitian will not participate in the capital increase.
After completion, the registered capital of AVIC Kaitian will increase from CNY 0.544 billion to CNY 0.604 billion, and AVIC Airborne Systems' shareholding in AVIC Kaitian will increase from approximately 61.16% to approximately 65.00%, remaining the controlling shareholder of AVIC Kaitian.
