AviChina Industry & Technology Co (HK:2357) has released an update.
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AviChina Industry & Technology Co. announced that its subsidiary, Changfeng Avionics, has entered into an agreement to acquire target assets from Radar Company for RMB 63,729,500. This acquisition aims to boost Changfeng’s production capacity in high-end manufacturing and civil aviation industries, promoting sustainable growth. The transaction is structured on normal commercial terms, ensuring a fair valuation and compliance with relevant requirements.
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