China Eastern Airlines Corporation Limited Class H (HK:0670) has released an update.
China Eastern Airlines Corporation Limited has announced a share repurchase plan to buy back shares worth between RMB 500 million to RMB 1 billion using its own funds. The repurchase, aimed at reducing the company’s registered capital and boosting investor confidence, will be conducted through centralized price bidding over a 12-month period following approval at a general meeting. The plan reflects the company’s optimism about its future prospects and a commitment to enhancing shareholder value.
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