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9 months ago
BRIEF-AVIC Aviation Engine plans share issue of 10 bln yuan to repay loans, replenish capital
November 7, 2016 / 12:28 PM / 9 months ago

BRIEF-AVIC Aviation Engine plans share issue of 10 bln yuan to repay loans, replenish capital

Nov 7 (Reuters) - Avic Aviation Engine Corp PLC

* Says it plans to raise up to 10 billion yuan ($1.48 billion) in private placement of shares to repay loans, replenish capital

* Says shares to resume trading on November 8

Source text in Chinese: bit.ly/2fTnx6c; bit.ly/2eET1LC Further company coverage: ($1 = 6.7741 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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