[ET Net News Agency, 13 April 2015] AVIC International (00161) said it is considering
the feasibility of a proposed spin-off and separate listing of its subsidiary Shennan
Circuits Co., Ltd. by way of A shares listing on a stock exchange in the People's Republic
of China.
The company submitted a proposal on the proposed spin-off to The Stock Exchange of Hong
Kong Limited. No final decision has been made by the Board as to whether and when the
proposed spin-off will proceed.
If the proposed spin-off is proceeded with, AVIC's interest in Shennan Circuits will be
reduced, but AVIC will continue to be a controlling shareholder.
Shennan Circuits principally engaged in printed circuit boards (PCB) business. (HL)
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IPO News
13/04/2015 10:36
AVIC Int'l (00161) may spin off PCB business in PRC