Aisino sells finance stake, waives preemptive rights in affiliate
Aisino Corporation announced the transfer of its 1.54% stake in Aerospace Science and Industry Finance Co., Ltd. ("Finance Company") to China Aerospace Science and Industry Corporation Limited ("CASIC") for 13,757.00 million yuan. This transaction, based on an appraisal report, is part of Aisino's strategy to optimize its asset structure and support core business development. Following this sale, Aisino will no longer hold equity in the Finance Company.
Concurrently, Aisino will waive its preemptive right for Aerospace Science and Technology Holdings Group Co., Ltd.'s ("Aerospace Technology") transfer of its 2.01% stake in the Finance Company to CASIC, valued at 17,943.48 million yuan. Both transactions are considered connected transactions as CASIC is Aisino's controlling shareholder and Aerospace Technology is a subsidiary of CASIC. The company's board and independent directors have approved these measures, confirming their alignment with market principles.
These resolutions were approved during the Ninth Board of Directors' Fifth Meeting on December 26, 2025. Aisino's shareholders also passed related proposals, including the 2026 daily connected transactions forecast and the 2025-2027 dividend distribution plan during the Third Interim Shareholders' Meeting on December 26, 2025.
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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