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AVIC International Holdings Ltd announces acquisition of equity interests in RED COMPANY


Thursday, 12 Dec 2013 06:13am EST 

AVIC International Holdings Ltd:Enters into the equity transfer agreement with AVIC International, pursuant to which it conditionally agreed to purchase 40% equity interest in RED Company from AVIC International at a consideration of 42,000,000 renminbi.Enters into equity transfer agreements with each of TED Company (a 97.5%-owned subsidiary of the Group), Beijing Company (a wholly-owned subsidiary of the Group) and Engineering Company (a wholly-owned subsidiary of the Group).Says pursuant to which it conditionally acquired, in aggregate, the remaining 60% equity interest in RED Company at a consideration of 42,000,000 renminbi, 10,500,000 renminbi and 10,500,000 renminbi, respectively, on terms similar to those in the equity transfer agreement. 

Company Quote

4.69
-0.17 -3.50%
16 Sep 2014