The Assets Assessment Is Lower Than The Estimated &Nbsp; China Aviation Heavy Duty Aircraft'S Reduction And Issuance Of Shares.

Concerned

According to the announcement, China Aviation heavy duty aircraft intends to sell 94 million 941 thousand and 700 shares of the actual controller of the aviation industry group, the controlling shareholder of Guihang group, the Huiyang Aviation Propeller company, and the United Teng wind energy (Hongkong) company, and purchase assets related to the new energy and forging business, including the Guizhou Anji Aviation Precision Foundry Company 100%, according to the announcement of the 15.35 yuan / share price.

The company declared that the total value of the underlying assets is 1 billion 457 million yuan, and the final value of the assets will be evaluated by the appraisal institutions with securities qualification qualifications and assessed or approved by the state asset management department.

This means that the assessment value is lower than the previous company estimate.

In late October last year, when the restructuring plan was announced, the assessment of related assets had not yet been completed.

The company's announcement indicates that the estimated value of the underlying assets is 1 billion 792 million yuan, and 116 million shares are expected to be issued at the base price of 15.35 yuan / share.

At the end of February this year, the China Aviation heavy duty aircraft announced the profit distribution plan for "0.4 yuan per 10 shares".

The company announced today that if the plan was approved by the shareholders' meeting of the company, the issue price and quantity of the issue will be adjusted accordingly.

The announcement also said that China aviation industry group, Guihang (Group) Company and Huiyang propeller company will apply to the China Securities Regulatory Commission for exemption from the offer to increase shares of the company. After the CSRC is exempt, the major asset restructuring plan can be implemented.

After this major asset reorganization plan has been approved and approved by the state owned assets supervision and Administration Commission of the State Council, the company will convene a shareholders' meeting to consider the related matters of this major asset reorganization.

China Aviation heavy machinery closed 28 on the 3.8% day, closing at 20.51 yuan.