Aviation Industry Corporation of China,Ltd. announced that it expects to receive CNY 1.999999998 billion in funding from AVIC Industry-Finance Holdings Co., Ltd.
September 02, 2021
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Aviation Industry Corporation of China,Ltd. announced a private placement of is 630,914,826 A shares at a price of CNY 3.17 per share for a total gross proceeds of not exceeding CNY 2,000,000,000 on September 3, 2021. The transaction will included participation from AVIC Industry-Finance Holdings Co., Ltd. The pricing reference date will be the first day of issuance. Issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. The securities to be issued in the transaction will have a lock-up period of six months after issuance completion date. The transaction has been approved in the thirty-sixth meeting of the eighth board of directors of the company. The transaction is subject to approval from the company’s shareholders and from China Securities Regulatory Commission.
AVIC Industry Finance Holdings Co Ltd, formerly AVIC Capital Co Ltd, is a China-based company mainly engaged in comprehensive financial services and industrial investment business. The Company conducts its businesses through five segments. The Securities Business segment is mainly engaged in securities brokerage, securities proprietary trading, securities underwriting and sponsorship, and entrusted asset management business. The AVIC Financial Business segment is mainly engaged in the internal deposit and loan business of the aviation industry group. The Leasing Business segment is mainly engaged in the financial leasing and operating leasing of large equipment such as aircrafts and ships. The Futures Brokerage business segment is mainly engaged in the futures brokerage business. The Trust Business segment is mainly engaged in fund trust, movable property trust and real estate trust business.
Aviation Industry Corporation of China,Ltd. announced that it expects to receive CNY 1.999999998 billion in funding from AVIC Industry-Finance Holdings Co., Ltd.