USD1 billion cash injection for China Eastern Airlines
25-Jun-2009 |
Airline Code [CES]
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Tags :China, China Eastern Airlines
On 23-June-2009, the Company received a notice from CEA Holding that CEA Holding has received on 23-Jun-2009 from CSRC the approval in relation to China Eastern Air Holding Company being granted a waiver from the obligation to make a general offer to acquire shares of China Eastern Airlines Corporation Limited in which, CSRC agrees to waive the obligation of CEA Holding to make a general offer in connection with the subscriptions of 1,437,375,000 new A Shares and 1,437,375,000 new H Shares by CEA Holding (together with its overseas wholly-owned subsidiary).
As announced by the Company on the announcement dated 08-Jun-2009, the Company will issue an announcement of price-sensitive in nature and the Company is in the course of preparing such information for disclosure. Trading of the H shares of the Company has been suspended from 08-Jun-2009 and it will remain suspended until the publication of the said announcement.
(c) Centre for Asia Pacific Aviation. Date posted: 25-Jun-09 In-depth analysis of the Chinese airline and airport sectors, including latest traffic and financial reports and outlooks, is available each month in the Monthly Essential China. |
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USD1 billion cash injection for China Eastern Airlines
