China aviation industry in S*st North Asia Cinderella married to the Giants

The arrival of China Aviation industry Group will make the fate of the S*st North Asia (600705), which has been suspended for more than 3 years, a fundamental turnaround. Today, S*st announced a major reorganization news, the company and China Aviation Industry Group signed the "Letter of Intent", China Aviation Industry Group Co., Ltd. will be through the directional issuance of AVIC Industrial group wholly-owned subsidiary AVIC Investment Holdings Limited 100% equity injection into s*st North Asia, Enable it to regain its operational assets and main business, to restore continued operational capacity and profitability.　　Thus China Aviation Industry Group Corporation will become the new controlling shareholder of S*st North Asia, if the reorganization succeeds, S*st North Asia will realize the magnificent turn to financial holding company. According to the agreement of the reorganization Letter of intent, China Aviation Industry Group Corporation, in addition to injecting the 100% stake of AVIC Investment holding company into S*st North Asia, will also help S*st to formulate a share-splitting reform plan and complete the reform of the split share structure while reorganizing. The price of directed additional shares in this reorganization, will be s*st North Asia and China Aviation industry Group in accordance with the relevant provisions of the State and relevant authorities to negotiate, and the CSRC final approval of the issue price shall prevail; the pricing of injected assets is subject to the valuation of the net assets assessed and recorded by Sasac,　　It is determined that China Aerospace Corporation will eventually hold the shares of S*st North Asia and its shareholding ratio. China Aviation Industry Group Corporation is a centrally administered state-owned special enterprise, with a defense, transport, engine, helicopter, airborne equipment and systems, general aircraft, aviation research, automotive, trade logistics, financial investment and other industrial sectors, under the jurisdiction of nearly 200 subsidiaries (branch), employs about 400,000 people. China Aviation industry Group company has more than 20 listed companies, in the domestic a-share listed there are 20, including St Changhe, into the fly integration, AVIC Precision machine, AVIC heavy aircraft, Avic Black Panther, Dongan Power, Tianhong shopping malls. January 11, 2011, China's fourth generation stealth fighter -20 first flight test success shocked the world, foreign media exclaimed that the success of the -20 test flight shows that China is about to be able to produce stealth fighter in the country's very few countries.　　20 success of the first flight has also made its research and development of China Aviation industry Group has attracted much attention. From the website data can be seen, AVIC Investment Holdings Limited is China Aviation industry Group's financial operating platform, capital Operation platform, strategic emerging industry investment platform.　　According to relevant sources, China Airlines Investment Holdings Limited is modelled on the GE Capital, is set up, is the group production and integration of the key point of the development model, in the group "two melts, San Xin, five, trillion" development strategy plays an important role. Although the specific reorganization plan has not yet come out, the final plan also needs the relevant departments for approval, but the reorganization repeatedly defeated, Pricton S*st North Asia is about to marry into the Giants, or let wait for nearly 4 years, the suffering of investors see the dawn of Hope.