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AVIC INT'L (00232.HK) up 12% on rising volume
China Aviation Industry Group chairman Lin Zuoming disclosed yesterday during the 18th National Congress of the Communist Party of China that the Group will push the assets to the securities market, but in short term, it will not integrate all assets into one platform.
Firstly, it will consider injecting more equities of aviation companies listed in the A-share market to AVICHINA (02357.HK), and equities of non-aviation companies into AVIC INT'L (00232.HK).
AVICHINA, after soaring 5.5% yesterday, gained another 2% to $3.34, on volume of 16.78 million shares.
AVIC INT'L was last $0.285, up 12%, on volume rising to 66.66 million shares.
Source: AAStocks Financial News