Air China makes further purchase of CEA’s H-shares
Written by Administrator
Monday, 17 September 2007
BEIJING, Sept. 11 (InfoChina) – Air China parent company Air China Group has further secured its position as the biggest holder of tradable shares of China Eastern Airlines (NYSE: CEA, HK: 1055, SH: 600029) by lifting its interest from 10.07 percent to 11.02 percent through continuous purchase of CEA’s H-shares on HKEx on Sept. 4 and 5, as shown by the data from HKEx.
“Air China Group must be quite confident in CEA,” said Luo Zhuping, secretary of CEA’s board.
Air China, however, made no comments and only showed that it was the action of parent company.
HKEx noted that Air China Group kept 10.07 percent holding before May 21, the last trading day before China Eastern formally let in SIA and Temasek as strategic investors.
As the largest holder of tradable shares, Air China would be entitled to vote in both A-share and H-share General Shareholder Meetings on the final solution to let in SIA and Temasek, experts noted. (Edited by Lin Fanjing,
)
China Stock News 
