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Air China ( (HK:0753) ) has shared an update.
Air China announced progress in the equity financing plan for its subsidiary, Shenzhen Airlines, with a total financing target of RMB16 billion. Shenzhen Airlines secured an initial investor, Shenzhen Kunhang Investment Partnership, to inject RMB2 billion. Concurrently, Air China contributed RMB2.08 billion, maintaining its 51% stake while reinforcing capital for business expansion. This strategic move bolsters Shenzhen Airlines’ financial capacity, aligns with growth objectives, and reflects collaboration with state-controlled investment entities to strengthen its market position.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
More about Air China
Air China, a prominent airline based in the People’s Republic of China, operates as a joint stock limited company. It is primarily focused on providing domestic and international air transportation services, including passenger, mail, cargo, and baggage services. The company holds a substantial equity interest in Shenzhen Airlines, a key player in regional air transportation.
Average Trading Volume: 23,329,270
Technical Sentiment Signal: Buy
Current Market Cap: HK$150.1B
For an in-depth examination of 0753 stock, go to TipRanks’ Overview page.