AviChina Industry & Technology Co (HK:2357) has provided an update. AviChina Industry & Technology Co., Ltd. has announced a proposed issuance of exchangeable corporate bonds, using a portion of its shares in AVICOPTER as underlying assets. The issuance aims to raise up to RMB 1 billion to supplement working capital, while maintaining the company’s controlling stake in AVICOPTER. This move is expected to slightly reduce AviChina’s equity interest in AVICOPTER but will not constitute a notifiable transaction under Hong Kong Stock Exchange rules. More about AviChina Industry & Technology Co, AviChina Industry & Technology Co., Ltd. is a joint stock company incorporated in China, primarily engaged in the aviation industry. The company focuses on manufacturing and technology services related to aviation products, with a significant market presence in China. Technical Sentiment Signal: Buy. Current Market Cap: $4.19B. Find detailed analytics on 2357 stock on TipRanks’ Stock Analysis page.

AviChina Proposes Exchangeable Bond Issuance to Bolster Capital

AviChina Industry & Technology Co., Ltd. has announced a proposed issuance of exchangeable corporate bonds, using a portion of its shares in AVICOPTER as underlying assets. The issuance aims to raise up to RMB 1 billion to supplement working capital, while maintaining the company’s controlling stake in AVICOPTER. This move is expected to slightly reduce AviChina’s equity interest in AVICOPTER but will not constitute a notifiable transaction under Hong Kong Stock Exchange rules.