AVIC Products and Finance (600705.SH) subsidiary AVIC Investment intends to transfer part of its equity in AVIC Xifei and other subsidiaries at a price of 4.067 billion yuan.

Financial news from the Zhitong Finance app: China Aviation Industry Finance (600705.SH) announced that its controlling subsidiary, China Aviation Investment Holding Co., Ltd. (referred to as "Aviation Investment"), plans to transfer 160 million shares of unrestricted tradable shares (5.76% of the total shares of Xi'an Aircraft Industry Group Co., Ltd. (referred to as "Xi'an Aircraft Industry") and 22.6772 million shares of unrestricted tradable shares (0.47% of the total shares of Aviation Payload Systems Co., Ltd. (referred to as "Aviation Payload")) to its controlling shareholder, China Aviation Industry Group Co., Ltd. (referred to as "Aviation Industry"), through a non-public agreement at a total transfer price of RMB 4.067 billion. The payment will be made in cash. After this transaction, the company and its subsidiaries will no longer directly hold shares of Xi'an Aircraft Industry and Aviation Payload. This transfer is based on factors such as the net asset value per share of the listed company's stock, the return on net assets, and a reasonable price-to-earnings ratio, all to ensure a fair transaction that will help activate the company's assets and provide necessary funds for its operations.