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​China Eastern s parent to pump in up to $1 67bn via A-share issue | News

By Cirium2021-02-04T06:12:00+00:00 China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19. The A-shares, which have a par value of CNY1 ($0.15), will be issued at CNY4.34 per share, a 2 February filing to the Hong Kong stock exchange shows. A-shares are shares denominated in Chinese yuan and trade on the Shanghai and Shenzhen stock exchanges. Source: Shutterstock China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares.

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