State-owned listed company Aerospace Industrial Development Corporation (AIDC) vies to become the second
State-owned listing: AIDC vies to become the second
After a gap of 5 years, the privatization of state-owned enterprises has set sail again. Aerospace Industrial Development Corporation (AIDC) submitted its application for a stock listing yesterday, making it the second state-owned enterprise after CSBC Corporation, Taiwan, which completed privatization and was listed at the end of 2008.
AIDC's paid-in capital is 9.083 billion yuan, its responsible person is Liu Chieh-tsen, and the company is located in Xitun District, Taichung City. In 2013, pre-tax profit was 1.388 billion yuan, earnings per share (EPS) was 1.42 yuan, and its main businesses are aircraft and aircraft maintenance, engines, and industrial technical services.
According to the plans of AIDC and the competent authority, the Ministry of Economic Affairs, AIDC's privatization plan was reported to the Executive Yuan in July 2013. Shares are expected to be released in the second quarter of this year, with the goal of listing on the stock market in the fourth quarter.