Chinese investor has bought a stake in a Dorset-based aerospace company, Gilo Industries Group, which produces rotary engines for jet-backpacks.
China’s Kuang-Chi is purchasing a stake in Gilo Industries Group, a manufacturer of engines that are use in jet-backpacks and unmanned aeronautical vehicles. The Chinese conglomerate is headquartered in Shenzhen, the deal is believed to give the investment group a substantial minority stake in the British firm according to industry insiders. The investment comes despite…
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