China Eastern raises US$1.3b in share placement
China Eastern Airlines has raised CNY8.55b (US$1.28b) in a private sale of shares to a group of investors including China's biggest online travel agency Ctrip, which becomes the airline's fifth-biggest shareholder. China's second-largest carrier by passenger numbers will use CNY6.83b of the proceeds to purchase new aircraft, and CNY1.71b to repay bank loans, it said. The private placement came as China Eastern sought to diversify its shareholder pool. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-07-06/sky/china-eastern-raises-us-1-3b-in-share-placement
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China Eastern raises US$1.3b in share placement
China Eastern Airlines has raised CNY8.55b (US$1.28b) in a private sale of shares to a group of investors including China's biggest online travel agency Ctrip, which becomes the airline's fifth-biggest shareholder. China's second-largest carrier by passenger numbers will use CNY6.83b of the proceeds to purchase new aircraft, and CNY1.71b to repay bank loans, it said. The private placement came as China Eastern sought to diversify its shareholder pool. <br/>
