China Everbright mezz fund leads precision casting investment
China Everbright has invested an undisclosed sum in AVIC Precision Casting Science and Technology, an affiliate of Chinese state-owned aerospace and defense company Aviation Industry Corporation of China (AVIC), via its RMB Mezzanine Fund.
AVIC, its subsidiary AVIC Capital, and COFCO Trust - the financial services arm of state-owned agricultural giant COFCO - invested alongside China Everbright, which now holds a 20.7% stake. In a statement,...
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