China Aviation Optical-Electrical Technology Co., Ltd. completed the acquisition of an additional 10% stake in Xian Forstar S&T Co., Ltd. from Shaanxi State-Owned Assets Management Co., Ltd.
July 31, 2014 at 12:00 am EDT
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China Aviation Optical-Electrical Technology Co., Ltd. (SZSE:002179) entered into equity transfer agreement to acquire additional 10% stake in Xian Forstar S&T Co., Ltd. from Shaanxi State-Owned Assets Management Co., Ltd. for CNY 26.8 million in cash on April 24, 2014. China Aviation Optical will finance the acquisition with its own funds. The transaction is exempt from independent shareholders' approval requirements.
China Aviation Optical-Electrical Technology Co., Ltd. (SZSE:002179) completed the acquisition of an additional 10% stake in Xian Forstar S&T Co., Ltd. from Shaanxi State-Owned Assets Management Co., Ltd. on July 31, 2014.
AVIC Jonhon Optronic Technology Co, Ltd. specializes in the development, manufacture and marketing of high-end optical, electrical and fluidic connectors and interconnection equipment. The products are intended for the defense, aviation, aerospace, military aeronautics, shipbuilding, communications, rail transport, oil industry and healthcare sectors.
China Aviation Optical-Electrical Technology Co., Ltd. completed the acquisition of an additional 10% stake in Xian Forstar S&T Co., Ltd. from Shaanxi State-Owned Assets Management Co., Ltd.