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Air China ( (HK:0753) ) just unveiled an update.
Air China Limited announced a proposed equity financing plan for its non-wholly owned subsidiary, Shenzhen Airlines, amounting to RMB16 billion. This financing aims to strengthen Shenzhen Airlines’ capital base, improve its debt structure, and enhance its market competitiveness. Air China will maintain its 51% stake in Shenzhen Airlines, ensuring no change in its consolidated financial statements. The financing will support Shenzhen Airlines in fleet renewal and expansion, leveraging regional policy advantages to bolster its position as an international aviation hub.
The most recent analyst rating on (HK:0753) stock is a Hold with a HK$5.00 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 Limited is a major airline company based in the People’s Republic of China, primarily engaged in providing domestic and international air transportation services for passengers, cargo, mail, and baggage. The company holds a significant market position in the aviation industry, focusing on expanding its operations within the Guangdong-Hong Kong-Macau Greater Bay Area.
Average Trading Volume: 22,249,046
Technical Sentiment Signal: Hold
Current Market Cap: HK$130.6B
For detailed information about 0753 stock, go to TipRanks’ Stock Analysis page.