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.

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Source: Sinocast Transportation Beat (China)

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