国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Corporate Reports

Sichuan mining firm flies off with 75% aviation stake

By Wang Wen in Beijing and Li Yu in Chengdu (China Daily) Updated: 2013-02-20 10:01

Leshan Heima Mining Co, a privately owned mining company in Leshan city, Sichuan province, has spent 15 million euros ($20 million) on a 75 percent stake in Lisa Airplanes, a French aircraft builder.

"The acquisition was achieved in early February and the company plans to move the production lines to China in two or three years, if the general aviation industry develops well in China," said Deng Gang, head of the foreign economic cooperation division of the Leshan commerce bureau.

Leshan Heima Mining Co, which operates in the phosphate rock-trading business, declined to comment, as it wants to keep a low profile on the acquisition, Deng said.

Leshan Heima made the acquisition through its subsidiary in France.

"The company used self-raised funds to pay for the acquisition," Deng said, although its registered capital is only 530,000 yuan ($84,850).

Observers said the small amount of registered capital will not block the acquisition, as the firm's total assets are more important for an acquisition.

But the limited amount of registered capital means the company has low-risk resistance capacity, which may have an adverse effect on its overseas purchases, said Wang Zhile, president of the Beijing New Century Academy on Transnational Corporations.

Lisa Airplanes was established in 2004 and focuses on light-sports aircraft manufacture. It entered court-supervised receivership on July 30 after its investors failed to fulfill a financing commitment, the company said in August.

Leshan Heima will help the aircraft manufacturer build one or two production lines in France, said Deng.

Chinese private capital has been drawn to the general aviation industry in recent years, with the central government setting a development target for the industry in 2012.

Annual flight hours by the general aviation sector are set to rise from 502,700 hours in 2011 to 2 million hours by 2020.

The easing of regulations on low-altitude air space is expected to start by 2015 and be completed by 2020.

Gao Yuanyang, director of the general aviation industry research center at Beihang University, hailed the acquisition "good news" for the growth of China's general aviation business, with some private enterprises actively seeking advantageous positions in the market.

Contact the writers at wangwen@chinadaily.com.cn and liyu@chinadaily.com.cn

Hot Topics

Editor's Picks
...
汝南县| 开封县| 兰溪市| 法库县| 溧水县| 连南| 上蔡县| 方正县| 米林县| 界首市| 和硕县| 广安市| 鸡东县| 渝北区| 巴林左旗| 勐海县| 瓦房店市| 都匀市| 杭锦后旗| 临桂县| 东乡| 怀宁县| 南宁市| 治多县| 滨海县| 咸丰县| 瑞丽市| 北辰区| 乌拉特后旗| 和平区| 伊金霍洛旗| 林州市| 罗山县| 龙门县| 蓬安县| 大姚县| 华亭县| 同德县| 兴海县| 阿拉尔市| 大宁县|