A source with China Aviation Industry Corporation I (AVIC I) told the Shanghai Securities News that the state-owned Assets Supervision and Administration Commission of the State Council (SASAC), on behalf of the government, would be the largest shareholder of soon-to-be-launched large passenger aircraft company. China National Aviation Holding Company and AVIC I will hold the same amount of stakes in the upcoming company and their combined stakes will be the second largest. Some local governments, including Shanghai Municipal Government, plan to invest 5 billion yuan in the company.
In addition, the aircraft company's shareholder list may include Baosteel Group Co. and Chialoc, two metal giants that hope to become lucrative raw material suppliers for the company.
For more details, please read the full story in Chinese. (http://www.stockinfo.com.cn/paper%5Fnew/html/2008-01/28/content_60666051.htm)
(China.org.cn January 28, 2008)