News
China Eastern Airlines reveals plan to raise US$1.68 billion
February 3rd 2021
China Eastern Airlines (CEA) said in a regulatory filing yesterday it planned to raise up to 10.828 billion yuan (US$1.68 billion) in fresh capital with the issue of 2,494,930,875 new shares, at 4.34 yuan per share, to CEA Holding. Read More » The proceeds from the non-public issuing would supplement working capital and pay down debt. The stock closed at 4.62 yuan on the Shanghai Stock Exchange yesterday.
