China Eastern Unit Shanghai Airlines Sells Catic Building Property in RMB134 Million Connected Deal

The latest announcement is out from China Eastern Airlines Corporation Limited Class H ( (HK:0670) ).

China Eastern Airlines’ wholly owned subsidiary Shanghai Airlines has agreed to sell its property and ancillary equipment in the Catic Building to fellow group company Eastern Air Property for approximately RMB134.29 million, following board approval in December 2025 and a valuation conducted by an independent appraiser. As Eastern Air Property is a connected person under Hong Kong Listing Rules due to the common controlling shareholder, the deal is classified as a connected transaction, triggering reporting, announcement and annual review requirements but exempt from independent shareholders’ approval, and forms part of the group’s ongoing internal asset reallocation and property management optimization.

The most recent analyst rating on (HK:0670) stock is a Hold with a HK$4.00 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 airline group, with its operations including passenger and cargo air transport and related aviation services, supported by wholly owned subsidiaries such as Shanghai Airlines. The group also manages and utilizes aviation-related property assets through affiliated entities under its controlling shareholder, China Eastern Air Holding Company.

Average Trading Volume: 22,447,494

Technical Sentiment Signal: Buy

Current Market Cap: HK$136B

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