Hefei Jianghang Aircraft Equipment has priced its shares at $1.48 each to raise $148m in an initial public offering that provided an exit to Aviation Industry Corporation.
Hefei Jianghang Aircraft Equipment, a China-based aircraft equipment manufacturer backed by aerospace conglomerate Aviation Industry Corporation, has raised $148m in an initial public offering on the Star Market, DealStreetAsia reported today.
The company priced shares at $1.48 each and will trade under the ticker symbol 688586.
Founded in 2007, Jianghang sells aircraft equipment such as oxygen systems, auxiliary fuel tanks and airborne tank inertia protection systems. Proceeds from the offering have been allocated to research and development, expanded manufacturing capacity…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
