Key Developments: China Eastern Airlines Corp Ltd (CEA)
18.25USD
22 May 2013
$-0.53 (-2.82%)
$18.78
$18.82
$18.82
$18.25
19,333
14,719
$23.83
$13.92
Latest Key Developments (Source: Significant Developments)
China Eastern Airlines Corp Ltd Completes Private Placement of New Shares; Announces Changes in Shareholding Structure
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%. Full Article
China Eastern Airlines Corp Ltd Announces Proposed Change Of Auditors
China Eastern Airlines Corp Ltd announced that 2013 second regular meeting of the board of directors of the Company (the Board ) considered and approved the following resolutions in respect of the appointment of auditors and internal control auditors of the Company for the year 2013; Considered and approved the proposal for appointment of the PRC and international auditors of the Company for the year 2013 and decided to submit this proposal to the 2012 AGM for consideration and approval. Agreed not to re-appoint PwC Zhong Tian as the Company’s PRC auditors and PwC as the Company’s international auditors respectively for the year 2013; agreed to appoint Ernst & Young Huaming LLP (Ernst & Young Huaming ) as the Company’s auditors for financial reports in the PRC and the United States and Ernst & Young as the Company’s auditors for financial report in Hong Kong respectively for the year 2013; and proposed to submit this proposal to the general meeting of the Company to authorise the Board to determine the remuneration of the auditors. Full Article
China Eastern Airlines Corp Ltd Does Not Recommend Dividend
China Eastern Airlines Corp Ltd announced that the Board has not recommended any dividend for the year ended December 31, 2012 (2011: Nil). Full Article
China Eastern Airlines Corp Ltd Issues FY 2012 First Corporate Bonds
China Eastern Airlines Corp Ltd announced that it has issued the first tranche of corporate bonds for fiscal year 2012, worth RMB 4.8 billion. The bonds are each with a term of 10 years, and a coupon rate of 5.05%. The interest will be paid on March 18 from 2014 to 2023. Everbright Securities Co., Ltd served as the main underwriter. China Eastern Airlines Group will provide guarantee for the bonds. Full Article
China Eastern Airlines Corp Ltd to Issue FY 2012 First Corporate Bonds
China Eastern Airlines Corp Ltd announced that it will issue the first tranche of corporate bonds for fiscal year 2012, worth RMB 4.8 billion. The bonds will be each with a term of 10 years, and a coupon rate ranging from 4.90% to 5.20%. The interest will be paid on March 18 from 2014 to 2023. Everbright Securities Co., Ltd will serve as the main underwriter. China Eastern Airlines Group will provide guarantee for the bonds. Full Article
China Eastern Airlines Corp Ltd to Sell Planes to Airbus
China Eastern Airlines Corp Ltd announced that it has signed an agreement with Airbus on November 23, 2012, to transfer eight CRJ aero planes and 10 EMB aero planes. The planes will be delivered from 2014 to 2016 separately. Full Article
China Eastern Airlines Corp Ltd Issues Ultra-short-term Financing Notes
China Eastern Airlines Corp Ltd announced that it has issued the first tranche of ultra-short-term financing notes for fiscal year 2012, worth RMB 4 billion. The notes are each with a term of 270 days and an interest rate of 4.1%. Full Article
China Eastern Airlines Corp Ltd Does Not Recommend Interim Dividend
China Eastern Airlines Corp Ltd announced that the Board has not recommended any interim dividend for the six months ended June 30, 2012 (2011: Nil). Full Article
China Eastern Airlines Corp Ltd to Issue A Shares and H Shares in Private Placement
China Eastern Airlines Corp Ltd announced that it will issue 698,865,000 A shares of common stock with par value of RMB 1 per share at RMB 3.28 per share to China Eastern Air Holding Company (Company A) and a Shanghai-based holdings company. The Company also announced its private placement plan of issuing 698,865,000 H Shares at HKD 2.32 per share to Company A's wholly owned subsidiary, a Hong Kong-based holdings company, to raise HKD 1,621,366,800. Full Article
China Eastern Airlines Corp Ltd Does Not Recommend Interim Dividend
China Eastern Airlines Corp Ltd announced that the Board has not recommended any interim dividend for the six months ended June 30, 2012 (2011: Nil). Full Article
China Eastern Air says 2013 Q1 net loss 132.4 mln yuan
April 26 - For a full statement (in Chinese) on the results of China Eastern Airlines Corp. Ltd , one of China's top three carriers, please click on: http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2013-04-26/600115_2013_1.pdf (Reporting by Raymond Leung in HONG KONG; Editing by Helen Massy-Beresford)
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