HK's AviChina Industry says parent plans merger

Newswire

HONG KONG, June 20 (Reuters) - AviChina Industry & Technology Co Ltd said late on Thursday its controlling shareholder, China Aviation Industry Corporation II, was proposed to merge with China Aviation Industry Corporation I. The Hong Kong-listed aircraft and automobile manufacturer said an organizing unit for the proposed merger had been established and further information would be provided if there were any substantial developments in the transaction. It gave no further details. ...

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