tiprankstipranks
AviChina Completes AVICOPTER’s Capital Boost
Company Announcements

AviChina Completes AVICOPTER’s Capital Boost

AviChina Industry & Technology Co (HK:2357) has released an update.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

AviChina Industry & Technology Co has announced the successful completion of a capital increase for its subsidiary, AVICOPTER, issuing 88,287,227 new A shares at RMB 33.98 each to raise supporting funds. This move increases AVICOPTER’s total issued shares and aims to bolster the development of its helicopter products, enhancing competitiveness and market share. The new shares will be subject to lock-up periods before they are listed and traded on the Shanghai Stock Exchange.

For further insights into HK:2357 stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App