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Actual controller of 3 AVIC listed firms likely to change

BEIJING
2015-10-14 10:01

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Chengfa Aero-Science (600391.SH), AVIC Aviation Engine Corporation (600893.SH), and AVIC Aero-Engine Controls (000738.SZ) announced Tuesday evening that Aviation Industry Corporation of China (AVIC) may no longer be their actual controller following a restructuring program over AVIC's aeroengine assets. A-shares of the three listed firms resumed trading on Wednesday, all surging by the daily limit of 10 percent.

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