07-Jan-2008 9:38 AM
CNAC to reject China Eastern-Singapore Airlines deal unless terms improved
Analysis
Hong Kong (XFN-ASIA) - China National Aviation Corp (CNAC), which holds 12 pct of China Eastern Airlines (CEA), confirmed that it will not agree to the purchase of CEA stake by Singapore Airlines (SIA) and Temasek Holdings unless terms of the proposed investment are improved.
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