AviChina raises $147 million from follow-on

The Chinese maker of airplanes and helicopters catches the eye of global investors following a strong share price run over the past 12 months.

AviChina Industry Technology Company, last night raised HK$1.14 billion $147 million from a fully-underwritten H-share placement, taking advantage of the positive momentum in its share price in the past 12 months to generate interest and overcome the still difficult equity markets in both China and Hong Kong.

The Chinese maker of airplanes, helicopters, aero components and instruments was able to attract more than 60 institutional investors to the offering and to fix the price above the bottom of...

To continue reading, please login or register for free

Click for more on: placement | follow on | aerospace | airplanes | helicopters | eads

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...