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China Eastern Airlines Completes Share issuance

China Eastern Airlines Completes Share issuance

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).

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Industry Watch

Tongxin to Ring the NASDAQ Bell

Tongxin to Ring the NASDAQ Bell(Sept. 18, 2009 - Chinavestor) Ruanxiang Zhang, Founder of Tongxin International Ltd. (NASDAQ:TXIC) and Rudy Wilson, Chairman of the Board, will ring the NASDAQ stock market opening bell today. This i...
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Industry Watch

Overview of Airlines Industry in China

Overview of Airlines Industry in ChinaØ Industry Performance China’s airlines industry, including scheduled and chartered passenger air transportation, witnessed brisk boom after 2003’s SARS crisis, as China’s economic growth bols...
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