AVIC Avionics Systems Co., Ltd. will absorb and merge with AVIC Electromechanical Systems Co., Ltd. through a share swap, approved by the China Securities Regulatory Commission. The share conversion ratio is set at 1 share of AVIC Electromechanical for 0.6647 shares of AVIC Avionics. AVIC Electromechanical will cease trading on March 17, 2023, and all shareholders will receive new shares of AVIC Avionics.
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