AviChina (HKG:2357)announced that all of the conditions precedent to the Tianjin Aviation acquisition have been satisfied and the consideration shares involving 183.405 million new domestic shares had been issued to AMES by AviChina on 18 January 2012.
Upon completion of the issuance, AMES held 183.405 domestic shares of AviChina, representing 3.57% of the company's issued share capital; AviChina's issued shares increased to 5.132 billion shares from 4.949 billion shares; the total number of AviChina's domestic shares increased from 2.935 billion shares to 3.118 billion shares; and the total number of AviChina's H shares held by public shareholders remained unchanged.