China Eastern Subsidiary Sells Shanghai Hongqiao Base to Cargo Unit for RMB137.6 Million

China Eastern Airlines Corporation Limited Class H ( (HK:0670) ) has shared an update.

China Eastern Airlines’ wholly owned unit Shanghai Airlines has agreed to sell its Hongqiao Base real estate in Shanghai, including land use rights and associated buildings and facilities covering over 23,000 square meters of gross floor area, to fellow group company China Cargo Airlines for RMB137.6 million. The intra-group disposal, classified as a connected transaction under Hong Kong Listing Rules due to the shared controlling shareholder CEA Holding, aims to realign asset ownership within the group’s passenger and cargo segments; it is subject to reporting, announcement and annual review requirements but is exempt from independent shareholders’ approval, indicating limited financial materiality while potentially sharpening the group’s logistics-focused asset structure.

The most recent analyst rating on (HK:0670) stock is a Buy with a HK$5.10 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 is a major Chinese carrier operating in the aviation industry, providing passenger and cargo air transport services through its subsidiaries, including Shanghai Airlines and China Cargo Airlines. Listed in Hong Kong, the group focuses on both domestic and international routes as well as integrated logistics and cargo operations, leveraging airport bases and logistics infrastructure in key hubs such as Shanghai to support its network and freight activities.

Average Trading Volume: 24,064,094

Technical Sentiment Signal: Buy

Current Market Cap: HK$140.1B

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