Caixin
BUSINESS & TECH

Quick Take: China Eastern to Raise $2.2 Billion for New Planes

Photo: VCG
Photo: VCG

The state-owned China Eastern Airlines Corp. Ltd. plans to raise as much as $2.2 billion through a share sale to expand its aircraft fleet in the face of growing demand.

China Eastern will issue up to 1.6 billion shares in Shanghai and 517 million shares in Hong Kong to raise up to $2.2 billion in total, according to a company filing (link in Chinese) to the Shanghai Stock Exchange.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.