Eastern Airlines intends to issue AH shares not publicly to attract strategic investors – Newsletter website hkej.com



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Eastern Airlines (00670) announced plans to issue approximately 1.616 billion A shares to Jixiang Airlines, JuneYao Group and Enterprise Structure Adjustment Fund in China through a non-public offering , raising up to 11.8 billion yuan (RMB ‧ The same thing below). At the same time, the company also intends to issue a maximum of 518 million H shares to Jixiang Airlines, raising funds not exceeding HK $ 3.55 billion.

After the completion of this non-public offer, Jixiang Airlines and Junyao Group ensured that the company did not hold more than 10% of the total share capital of the A shares and 10% of the total share capital of the shares. H.

The net proceeds raised are intended to be used to introduce 18 aircraft projects, purchase 15 simulator projects and purchase 20 spare engine projects.

China Eastern Airlines believes that the introduction of strategic investors such as Jixiang Airlines, JuneYao Group and Structural Adjustment Fund will optimize the shareholder structure, in accordance with the reform of state-owned enterprises, and constitutes an important measure in response to the deepening of the reform of public enterprises.

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