Asia
AVIC Heavy Machinery Plans to Sell Up to 16.7 Million Shangda Aviation Materials Shares
AVIC Heavy Machinery (SHA:600765) plans to sell up to 16.7 million shares of Shangda Aviation Materials via negotiated transfer.The shares have a book value of 86.8 million yuan as of the end of 2025, according to a Tuesday filing with the Shanghai bourse.AVIC Heavy Machinery currently holds 50 million shares of Shangda Aviation Materials, or a 13.45% stake.Shares of the manufacturer of forging, casting, hydraulic and environmental control products wer down 2% in recent trade.
SHA:600765
