600893.SH announced on December 6th that the seventh meeting of the 10th board of directors of the company had examined and approved the "proposal on the transfer of shares and related transactions of Harbin Axis Company by a non-public agreement between Shenyang Liming Aeroengine Co., Ltd., a subsidiary of China Aviation Development Co., Ltd." China Aviation Development Shenyang Liming Aeroengine Co., Ltd. ("Liming"), a subsidiary of the company, plans to transfer 3.3333% of its stake in China Aviation Development Harbin bearing Co., Ltd. ("Harbin bearing Company") to China Aviation Development Asset Management Co., Ltd. ("Hangfa assets") by means of a non-public agreement.
Liming Company's transaction consideration for the transfer of 3.3333% of the shares of Harbin Axis Company was set at 32.4232 million yuan.