AVIC Trust Co, Ltd. announced that it has received CNY 2 billion in funding from AVIC Industry-Finance Holdings Co., Ltd.
On August 5, 2021, AVIC Trust Co, Ltd. closed the transaction. The investor now holds 84.42% stake in the company and Oversea-Chinese Banking Corporation Limited holds 15.58% stake in the company. The Jiangxi Supervision Bureau of the China Banking and Insurance Regulatory Commission has reviewed and approved the transaction. The company completed the relevant industrial and commercial change registration procedures.