国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Singapore Airlines may buy 25% stake of China Eastern

By Shixi (chinadaily.com.cn)
Updated: 2007-05-23 17:27

There is word that Singapore Airlines Ltd. (SIA) may announce plans to invest in China Eastern Airlines Corp. in near future.

Tuesday morning, trading of China Eastern in both H- and A-share markets was suspended. According to the Hongkong stock exchange, China Eastern, the national third-largest carrier will disclose information related to its stock price shortly.

Almost simultaneously, SIA also announced trading of its shares were also temporarily suspended on the Singapore Exchange an hour after opening on the market Tuesday.

According to China Business News, China Eastern Airlines is set to sell a 25 percent stake to Singapore Airlines for HK$7.9 billion (US$1 billion) worth of new shares.

Singapore Airlines said in a notice to the Singapore Exchange late Tuesday that it was in "advanced stages of discussions on a potential strategic investment" and an update would be provided as soon as possible.

China Eastern's H-share price nearly doubled in the past few months this year and closed at HK$3.73 on Monday, rising by 61 percent over the past 30 days. Its A-shares also rose 3.67 percent on Monday, closing at 9.60 yuan.

Analysts pointed out that the strategic move of China Eastern introducing a new investor is beneficial to the Chinese airline, for cooperation with SIA is likely to help it improve operations and raise its exposure in the international market.

On May 9, SIA issued its first formal declaration that they were holding discussions on possible cooperation with China Eastern.

This latest development also fueled the rise of aviation stocks.

Tuesday, H-shares of another domestic carrier, China Southern Airlines rose by 3.37 percent, reaching its 52-week peak at HK$4.85.

There are also reports that Air Emirates and Air France also have plans to buy stakes in China Southern. And negotiations between China Southern and Air France to build joint-venture freight company are also underway.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
龙岩市| 昌平区| 郴州市| 客服| 门源| 武夷山市| 东乌珠穆沁旗| 老河口市| 新沂市| 瓦房店市| 密云县| 庆云县| 探索| 常宁市| 大石桥市| 马尔康县| 濉溪县| 龙里县| 铜山县| 天等县| 出国| 林州市| 图木舒克市| 衡阳市| 永德县| 灯塔市| 沾化县| 德江县| 甘南县| 洪雅县| 巴马| 辽宁省| 内乡县| 剑阁县| 英吉沙县| 铅山县| 沅陵县| 屯昌县| 安宁市| 比如县| 武山县|