Technology Jun 09, 2022 07:03 PM (GMT+8) · EqualOcean
AVIC high tech announced that the wholly-owned subsidiary of the company plans to jointly invest 435million yuan with Yuhua financial investment, Evonik operations and Evonik China to establish AVIC Evonik composite technology (Shanghai) Co., Ltd. (tentative name) (hereinafter referred to as "AVIC Evonik"). Among them, aviation industry composite materials plans to contribute RMB 171.85 million in the form of intangible assets, fixed assets and cash, accounting for 39.51%.