AVIC assets set for restructuring

Three affiliate firms suspend trading in their shares in run-up to massive recast

Three listed companies controlled by the Aviation Industry Corp of China suspended trading in their shares on Thursday, the first trading day after the week-long National Day holiday, due to the parent company's restructuring of its aero-engine assets.

AVIC Aviation Engine Corp Plc, Sichuan Chengfa Aero Science and Technology Co Ltd and AVIC Aero-Engine Controls Co Ltd all issued separate notices, confirming a halt in trading of the stocks.