Continental Aerospace Technologies Holding Ltd. 0232

Arcline Investment Management ("Arcline"), a growth-oriented private equity firm, today announced it has entered into a definitive agreement to acquire the holding company of Continental Aerospace Technologies, Inc. ("Continental" or "the Company") for a total consideration of approximately $535 million. The delisting transaction is supported by irrevocable undertakings from the controlling shareholders, subsidiaries of Aviation Industry Corporation of China.