Hefei Jianghang Aircraft Equipment has priced its shares at $1.48 each to raise $148m in an initial public offering that provided an exit to Aviation Industry Corporation.

Hefei Jianghang Aircraft Equipment, a China-based aircraft equipment manufacturer backed by aerospace conglomerate Aviation Industry Corporation, has raised $148m in an initial public offering on the Star Market, DealStreetAsia reported today. The company priced shares at $1.48 each and will trade under the ticker symbol 688586. Founded in 2007, Jianghang sells aircraft equipment such as…

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