U.S.-based Chinese state-owned aircraft maker Cirrus lists in Hong Kong

Company operates under watchful U.S. eyes since 2011 purchase by CAIGA

20240712 cirrus

The Cirrus Aircraft booth at an aviation exhibition in Las Vegas in 2021. The company was founded in the U.S. in 1979 and acquired by a Chinese state group in 2011. © Reuters

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Cirrus Aircraft, a U.S.-based but Chinese state-owned manufacturer of small airplanes, made its debut on the Hong Kong stock exchange on Friday.

The company's shares opened at 27.50 Hong Kong dollars, before immediately falling as low as HK$26.05 at one point. The stock rebounded to end the day at HK$27.50.

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