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AVIC Xi'an Aircraft Plans Share Placement; Shares Down 4%

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AVIC Xi'an Aircraft Industry (SHE:000768) plans to issue shares to specific investors, according to a Shenzhen bourse filing on Tuesday.

The shares will not exceed 30% of the company's total shares and will be issued to no more than 35 investors.

The aircraft components manufacturer's shares fell nearly 4% during the afternoon trade.

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