China Eastern raises US$572 mil. in share sale to state-owned firm
APHONG KONG -- China Eastern Airlines Corp. is raising US$572 million by selling new shares to its state-owned parent to trim its heavy debt burden as it pursues an aggressive fleet expansion in China's booming aviation market.
September 13, 2012, 12:30 am TWN
The Chinese carrier said late Tuesday that it's selling nearly 1.4 billion new shares on the Hong Kong and Shanghai stock exchanges to China Eastern Air Holding Co.