Air China shares open up 2 pct after cancelling share placement plan
SHANGHAI Oct 23 (Reuters) - Shares in Air China Ltd opened up 2.2 percent on Tuesday, after the company announced it had cancelled a plan for a private share placement, citing adverse market conditions.
Trading in the company's shares had been suspended since Oct. 9 pending the announcement of the share sale. The stock opened at 5.08 yuan, versus its last close of 4.97 yuan. (Reporting by Pete Sweeney and Kazunori Takada; Editing by Jacqueline Wong)