AVIC Industry-Finance Holdings (600705.SH) intends to transfer its stakes in multiple listed companies in the AVIC Group to its controlling shareholder, with a total price of 5.361 billion yuan.

21:25 16/01/2025

Aviation Industry Fund (600705.SH) announced that the company will transfer its shares to its controlling shareholder through a private agreement.

AVIC Industry-Finance Holdings (600705.SH) announced that the company will transfer a total of 75,563,635 shares of Avic Heavy Machinery Co., Ltd. (accounting for 5.10% of the total share capital) and 53,538,000 shares of AVIC Aircraft Technology Industry Co., Ltd. (AVICHINA, accounting for 0.67% of the total share capital) to its controlling shareholder, China Aviation Industry Corporation Limited (referred to as AVIC Industry) through private agreements. The company's wholly-owned subsidiary, China Aviation Industry Investment Co., Ltd. (referred to as "AVIC Investment"), will transfer 3,618,290 shares of Jonhon Optronic Technology Co., Ltd. (accounting for 0.17% of the total share capital) and 54,000,000 shares of Baosheng Science And Technology Innovation Co., Ltd. (accounting for 3.94% of the total share capital) to AVIC Industry. It will also transfer 1,393,792 shares of Shennan Circuits Co., Ltd. (accounting for 0.27% of the total share capital) to AVIC Industry's concerted actioner, Zhonghang Electronic Measuring Instruments. The company's wholly-owned subsidiary, China Aviation Industry Aerospace Investment Co., Ltd. (referred to as "Aviation Investment"), will transfer 112,112,000 shares of Hefei Jianghang Aircraft Equipment Co., Ltd. (accounting for 14.17% of the total share capital), 12,076,583 shares of Zhonghang Electronic Measuring Instruments Co., Ltd. (accounting for 2.04% of the total share capital), and 98,695,596 shares of AVIC Airborne Systems Co., Ltd. (accounting for 2.04% of the total share capital, with 21,231,422 shares restricted) to AVIC Industry. The transactions will be completed in cash. After the completion of the transactions, the company, AVIC Investment, and Aviation Investment will no longer hold shares in the aforementioned companies. The total transfer price is RMB 5.361 billion. As an important financial service platform of AVIC Industry, the company plays a critical role in realizing the synergy between industry and finance and exploring financial support for the aviation industry. This share transfer will help to revitalize existing assets and align with the company's operational needs.

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