AVIC Shenfei gets Shanghai Exchange nod for A-share issuance

AVIC Shenyang Aircraft Corp (SSE:600760) announced that it has received approval from the Shanghai Stock Exchange (SSE) regarding its application to issue A-shares to specific investors. According to the SSE, AVIC Shenfei's application meets the necessary issuance conditions, listing requirements, and information disclosure standards. While this approval marks a significant step, the issuance is still contingent upon registration with the China Securities Regulatory Commission (CSRC). The company cautioned that the ultimate approval and timeline from the CSRC remain uncertain and advised investors to be mindful of investment risks. AVIC Shenfei will adhere to all relevant regulations and disclosure requirements as the process progresses. The board of directors released the announcement on March 4, 2025.