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CEA - China Eastern Airlines Issues 699 Mn A-Shares Via Private Placement

|Includes: China Eastern Airlines Corporation Limited (CEA), CHEAF

Prepared by ChinaScope Financial | Source:Company Disclosure

  • China Eastern Airlines Co., Ltd. (00670: HKG; 600115: SHA; CEA: NYSE) announced on April 17 that it has issued 699 million A-shares for a total of CNY 2.29 billion through private placement. The issuance price is CNY 3.28 apiece and the lock-up period for these shares is fixed at three years.
  • China Eastern Airlines Corporation Limited is one of the leading air carrier operators in China. Its businesses involve passenger transportation, cargo transportation and mail delivery services.