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China Eastern announcement completion of issuance of new A shares

24-Dec-2009 8:51 AM

China Eastern Airlines announced (23-Dec-2009) that the issuance of new A Shares in the company has been completed, with 1.35 billion A shares issued at a price of CNY4.75 (USD0.70) per share, for total proceeds of CNY6.4 billion (USD939 million). The majority of the new shares were acquired by CEA Holding (490 million), China National Aviation Fuel Holding Co (210.5 million), Aerospace Capital Holding Co Ltd (94.7 million) and Aerospace Science & Technology Finance Co Ltd (83.2 million), with five other companies each acquiring under 11 million shares. The carrier now has 9.9 billion A shares, of which CEA Holding owns 4.8 billion (50.4% of the total) and CES Global holds 1.0 billion (20.1%).[more]