Aircraft
Chinese Expansion on Gardner’s Horizon
The acquisition of Gardner Aerospace by a Chinese mining company will allow it to take a share of the fast-growing domestic aerospace market

Last Monday, Ligeance Investments Ltd of Hong Kong finalized its acquisition of Gardner Aerospace, the UK-headquartered aero-structure components manufacturer in a deal worth more than £300 million (US$384.3 million). Ligeance is a subsidiary of Shaanxi Ligeance Mineral Resources (SLMR), a publicly listed Chinese mining company that is diversifying into the aerospace sector.

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