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China Eastern Airlines Corp Ltd Completes Private Placement of New Shares; Announces Changes in Shareholding Structure


Wednesday, 17 Apr 2013 08:00pm EDT 

China Eastern Airlines Corp Ltd announced that it has completed the issuance of 698,865,000 A shares of common stock with par value of RMB 1 per share at RMB 3.28 per share, for RMB 2,292,277,200 in total. As details, the Company issued 241,547,927 shares to China Eastern Air Holding Company, and 457,317,073 shares to a wholly owned subsidiary of China Eastern Air Holding Company, which principally engages in investment and finance asset management business. After this, the subsidiary of China Eastern Air Holding Company will hold a 3.82% stake (457,317,073 shares) in the Company, up from 0%. 

Company Quote

26.4
1.28 +5.10%
30 Jan 2015