Changes in Hong Kong stocks | China Airlines (03931) rose more than 5% in early trading and plans to acquire 12.7230% of China Innovation Aviation Technology (Hefei) Co., Ltd.'s shares for 690 million yuan

The Zhitong Finance App learned that China Airlines (03931) rose more than 5% in early trading. As of press release, it had risen 5.27% to 16.98 yuan to HK$10.6398 million.

According to the news, China Airlines announced that on July 28, 2026, the company successfully bid for the underlying shares offered for sale by the auctioneer, Hefei Beicheng Industrial Investment Guidance Fund Co., Ltd. (12.7230% of the shares of Innovation Aviation Technology (Hefei) Co., Ltd. among the target companies acquired by the Company under the property transfer contract) in a public tender held by the Hefei Property Exchange Center. Based on this, the Company will sign a property rights transfer contract with the seller to acquire the underlying assets at a cash cost of RMB 690 million.

Since its establishment, the Hefei Company has achieved efficient and rapid production line construction and commissioning. After the operation was put into operation, revenue grew steadily, profitability gradually increased, and the balance ratio was manageable. Based on good expectations for the development of the Hefei company, the company participated in this public tender. The completion of this acquisition will further increase the company's shareholding ratio in Hefei.