Chinese investment firm acquired stake in UK aerospace company for $30 million
Kuang-Chi Group, a Chinese technology investment group, has acquired stake in Gilo Industries, a UK-based aerospace technology firm, for $30 million.
Gilo Industries Group has an array of aerospace engineering companies developing products and solutions across defence, commercial and recreational aviation applications. (Founded in 2010, Kuang-Chi Group makes investments in technology sectors including communications, meta-materials, and space technology with more than 2,600 employees in 18 countries with Dr. Ruopeng Liu as Chairman).
To see a list of investors from China similar to Kuang-Chi Group, check the Chinese Investors Directory.
More details follows: