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China Ready to Boost Funding in AVIC Avionics

Jan 29,2018


AviChina Industry & Technology Company Ltd. is hoping to raise funds for AVIC Avionics.


The total amount of proceeds from the Issuance of Convertible Corporate Bonds will be [2.4 billion Yuan], AviChina said in a document filed to the Hong Kong stock exchange last week, all of which, after deducting the issue cost, are expected to be used in the industrialization projects relevant to the electronic business of AVIC Avionics and the supplementation of its working capital.


In the next decade, China's civil aviation industry will continue to grow rapidly, the Sino-Russia wide-body aircraft project CR929 has attracted much attention. Under this background, The industry-leading Civil Avionics International Forum 2018 (CAIF 2018) which is taking place in Shanghai from the April 17th - 18th, 2018. Register your interest or feel free to get in touch with marketing@galleon.cc for more details.


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