China Eastern Airlines nodded to raise RMB15 bln via private placement

2015-12-09 21:05

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China Eastern Airlines Co., Ltd. (600115.SH; 00670.HK; CEA.NYSE) announced on Wednesday that its application to issue A-shares via private placement was approved by the China Securities Regulatory Commission (CSRC).

The Shanghai-listed company plans to offer a maximum of 2.329 billion shares at no less than 6.44 yuan per share, aiming to raise no more than 15 billion yuan worth of funds.

Among the total, 12 billion yuan will be used to buy 28 planes and the rest 3 billion yuan will be used to repay bank loans.

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