News Column

AVIC Intelligent Measurement to Get Listed via Tontec

June 23, 2014



NANTONG, June 23, SinoCast -- Tontec Technology Investment Group (SHSE: 600826) said through acquiring assets via issuing additional shares, it would acquire AVIC Intelligent Measurement and material R&D, production and application related business assets of related parties. Cash supplementarily raised from the consolidation that will account for at most 25% of the consideration will be totally subscribed by AVIC Intelligent and related firms.

AVIC Intelligent Measurement, known as AVIC Technology Foundation Establishment formerly, is a direct-run unit of AVIC. If it launches the backdoor listing successfully, it will become the 24 listed AVIC subsidiaries.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Sinocast Transportation Beat (China)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters