Recent report about details of the cooperation scheme by Chinese journal Caijing was once again bluntly denied by an official from China Eastern.

According to Caijing, after making an additional issue at a price of 3.80 HK dollars per share, China Eastern Group and the Singaporean side would take 51 percent and 24 percent shares of the listed company respectively. For the Singaporean side, SIA and Temasek would take 15.8 percent and 8.2 percent respectively.

Luo Zhuping, China Eastern’s board secretary, made a flat denial of the aforesaid guess when interviewed by China Business News.

The latest announcement by China Eastern on the matter was made on May 31, saying that the specific details and terms were not yet certain and the related contract was yet to be finalized. (Edited by Lin Fanjing, )