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China Eastern Airlines shares suspended amid potential capital injection

7-Sep-2012 9:37 AM

China Eastern Airlines confirmed (06-Sep-2012) the suspension of its H shares from 09:00 on 06-Sep-2012. As previously reported, CEA Holding, the controlling shareholder of the company, is currently considering injecting capital into the company to further reduce the asset-to-debt ratio of the company to support the development of the company. The company is currently considering conducting a non-public issue of shares to CEA Holding with the carrier noting the "matter will be subject to further policy consultation with and proposal review by the relevant authorities". Government-owned CEA Holding holds a 43% stake in the listed unit. [more - original PR - capital injection] [more - original PR - share suspension]