4th Jan 2022 10:35
Gama Aviation PLC - Farnborough, England-based aviation services company - Announces completion of the sale of its 20% stake in China Aircraft Services Ltd to Hutchison CCF Investments Ltd. China Aircraft Services is a provider of services to commercial airlines at Hong Kong Airport. Gama receives USD2.0 million in cash for the sale, which it said back in November will be used to support ongoing strategic investments in its core businesses.
Purchaser, Hutchison CCF Investments, is an associate of Gama's largest shareholder, Hutchison Capital Holdings Ltd.
Current stock price: 46.00 pence, up 5.8% in London on Tuesday
By Greg Roxburgh; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
GMAA.L