China Eastern shareholders approve stock sale
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
China Eastern Airlines has received shareholder approval for a US$1 billion stock sale as it seeks to cut debt ahead of the planned takeover of Shanghai Airlines, Bloomberg has reported. China Eastern aims to complete the merger by the end of 2009, Chairman Liu Shaoyong was reported saying at the shareholders’ meeting in Shanghai yesterday.
Comments are closed.