Air China (HK:0753) has released an update.
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Air China has successfully completed the issuance of over 854 million A Shares to its specific investor, CNAHC, at a price of RMB7.02 per share, raising nearly RMB6 billion. The shares will be locked for 36 months and are set to be listed on the Shanghai Stock Exchange after the lock-up period ends. This move is part of Air China’s strategic financial initiatives to bolster its capital structure.
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