<article>Chinese investment company Zhejiang Rifa Holding Group has made a bid to acquire majority control of New Zealand&#8217;s Airwork Holdings Limited, sending shares in the aviation company soaring 17 percent.</article>

Chinese investment company Zhejiang Rifa Holding Group has made a bid to acquire majority control of New Zealand&#8217;s Airwork Holdings Limited, sending shares in the aviation company soaring 17 percent.
Rifa has offered to acquire 75 percent of Airworks for NZ$5.40 per share in a deal valued at NZ$203 million ($148 million).
Auckland-based Airworks, which carries out plane and helicopter maintenance as well as providing charter services, said in a statement that it is considering the offer.
Shares in the company rose as much as 17.3 percent to hit a record high of NZ$5.20 in the wake of the announcement, before retracing slightly to NZ$5.10.
<h4>Reuters</h4>
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Chinese investment company Zhejiang Rifa Holding Group has made a bid to acquire majority control of New Zealand's Airwork Holdings Limited.

China's Rifa makes $148m bid for New Zealand's Airwork Holdings

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China's Rifa makes $148m bid for New Zealand's Airwork Holdings

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