Avic Capital announces cash option period for delisting
Avic Capital (SSE:600705) has announced the commencement of the cash option application period for shareholders as part of its plan to voluntarily delist. Approved at the company's extraordinary general meeting, the move offers eligible A-shareholders, excluding AVIC Industrial Corporation and its affiliates, the opportunity to sell their shares at a price of CNY 3.54 per share. The cash option, provided by AVIC Industrial Corporation, is available from April 23 to April 25, 2025, during trading hours on the Shanghai Stock Exchange. Shareholders must declare their intention to sell their shares through the exchange's trading system under the code 706098 ("中航现金"). The company emphasizes that shares subject to restrictions, pledges, or legal freezes are ineligible for the cash option. Trading in Avic Capital's stock has been suspended since April 3, 2025, and will remain so until five trading days after the delisting announcement by the Shanghai Stock Exchange.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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