China Eastern to raise up to US$2.2b through a share sale
China Eastern plans to raise up to $2.23b in a share sale to expand its fleet and to replenish working capital, the company said Tuesday. China Eastern, the country’s second largest carrier by passenger numbers, will use $1.78b proceeds from the share sale to fund the purchase of 18 airplanes, 15 flight simulators and 20 backup engines, it said. The remaining $452.4m will be used to boost its working capital, the filing added. China Structural Reform Fund Corporation Ltd, approved by the State Council to support state-owned enterprises, will invest $301.6m in the share sale.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-11/sky/china-eastern-to-raise-up-to-us-2-2b-through-a-share-sale
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China Eastern to raise up to US$2.2b through a share sale
China Eastern plans to raise up to $2.23b in a share sale to expand its fleet and to replenish working capital, the company said Tuesday. China Eastern, the country’s second largest carrier by passenger numbers, will use $1.78b proceeds from the share sale to fund the purchase of 18 airplanes, 15 flight simulators and 20 backup engines, it said. The remaining $452.4m will be used to boost its working capital, the filing added. China Structural Reform Fund Corporation Ltd, approved by the State Council to support state-owned enterprises, will invest $301.6m in the share sale.<br/>
