AviChina Industry & Technology's (HKG:2357) subsidiary AVIC Airborne Systems (SHA:600372) will contribute 250 million yuan in cash to the capital of Chengdu CAIC Electronics or AVIC Kaitian, another subsidiary of the company, a Friday Hong Kong bourse filing said.
The contribution will increase the registered capital of AVIC Kaitian from 544.1 million yuan to 603.8 million yuan and increase AVIC Airborne's shareholding in AVIC Kaitian from 61.15% to 65%. The capital contribution price came in at 4.19 yuan per share of AVIC Kaitian.
AVIC Airborne will remain the controlling shareholder of AVIC Kaitian.
The aviation company's shares closed over 2% higher on Friday.
Price (HKD): $4.16, Change: $+0.090, Percent Change: +2.21%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。