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China Eastern Airlines Corporation Limited Class H ( (HK:0670) ) has issued an announcement.
China Eastern Airlines Corporation Limited has announced the disposal of its 20% equity interest in New Shanghai International to CEA Asset for RMB286,437,800. This move is part of the company’s strategy to focus on its principal businesses and enhance operational efficiency. The transaction is classified as a connected transaction under the Hong Kong Listing Rules due to CEA Asset being a wholly-owned subsidiary of the company’s controlling shareholder, CEA Holding. The transaction is subject to reporting and announcement requirements but is exempt from independent shareholder approval.
The most recent analyst rating on (HK:0670) stock is a Hold with a HK$2.30 price target. To see the full list of analyst forecasts on China Eastern Airlines Corporation Limited Class H stock, see the HK:0670 Stock Forecast page.
More about China Eastern Airlines Corporation Limited Class H
China Eastern Airlines Corporation Limited Class H is a major airline company based in the People’s Republic of China. The company is primarily focused on providing air transportation services and is a significant player in the aviation industry.
Average Trading Volume: 10,139,034
Technical Sentiment Signal: Buy
Current Market Cap: HK$89.95B
See more insights into 0670 stock on TipRanks’ Stock Analysis page.