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China Eastern Airlines (00670.HK) recommends a private offering of A shares to raise up to 15 billion yuan.
China Eastern Airlines (00670.HK) announced that it proposed a private offering of no more than 5.662 billion A shares to no more than 35 specific investors. It is expected to raise up to 15 billion yuan. The net proceeds are proposed to be used for the introduction of 38 aircraft projects and supplementary liquidity. Among them, China Eastern Airlines Group, the controlling shareholder, intends to subscribe for A shares with no less than 5 billion yuan in cash.
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