AVIC Group retains Merrill Lynch to advise on PRC projects.NEW YORK--(BUSINESS WIRE)--Aug. 1, 1996--AVIC Group International, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : AVIC AVIC Aviation Industry Corporation (China) AVIC Area Veterinarian in Charge AVIC Army Visual Information Center AVIC Avi Codec ) announced today that it has retained Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. to act as a financial advisor. Merrill Lynch will advise AVIC Group regarding financing alternatives for AVIC and AVIC's telecommunications projects in the People's Republic of China. Joseph R. Wright, AVIC Group's chairman and chief executive officer, stated, "I am extremely pleased to add Merrill Lynch to our team of advisors and am confident Merrill will add real value to AVIC as we continue to develop our projects." AVIC Group International, Inc. develops and finances telecommunications networks in the People's Republic of China. CONTACT: AVIC Group, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Cheryl Bell, 212/319-9160 or Agency Contact: The Cavior Organization, New York Warren J. Cavior, 212/687-6070 |
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