December 10, 2009 (Ting Ting Lin) China Eastern Airlines (HKG:0670) (NYSE:CEA), the second largest Chinese carrier by fleet size following the merger with Shanghai Airlines (SHA:600591) at the end of November, announced a successful share placement of additional 490,000,000 H-Shares on the Hong Kong Stock Exchange. Price of each share was HK$1.65 per H-share. This action is going to be followed by a similar A-share placement on the Shanghai Stock Exchange. The Company followed up with the Agreement made in July 10, 2009 at a time when it got cash infustion from the Chinese Government. The Government controlled parent company got 490 million H-shares worth HK$808.5 million (US$104.31 million).