SIAEC wins $23.86m bid for 30% stake in China’s Arport AME

SIA Engineering will expand into Fujian to provide line and base maintenance at four airports.

SIA Engineering Company Limited (SIAEC) announced that its wholly-owned subsidiary, SIAEC Global Private Limited, has successfully bid for a 30% stake in Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. (Arport AME), a subsidiary of Xiamen Iport Group Co., Ltd., at a subscription consideration of $23.86m (RMB129m).

The bid was made via a public tender administered by Xiamen Equity Exchange Centre, SIAEC said in a statement.

SIAEC Global intends to enter into agreements with the direct shareholders of Arport AME to complete the transaction and form a joint venture.

The JV will perform line maintenance and ground services at airports in Xiamen, Fuzhou, Wuyishan, and Longyan, as well as base maintenance services at Xiamen airport.

SIAEC said the transaction is not expected to have a material impact on the group’s net tangible assets per share or earnings per share for the financial year ending 31 March 2026.

The company also noted that none of its directors or controlling shareholders has any direct or indirect interest in the transaction, other than through their shareholdings in SIAEC.

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