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Air China ( (HK:0753) ) has shared an announcement.
Air China Limited has announced that the Shanghai Stock Exchange has formally accepted its application to issue A shares to specific investors on the Main Board. The exchange has confirmed that the company’s prospectus and related application documents are complete and comply with statutory requirements, and will now proceed to review and process the issuance in accordance with applicable laws and regulations. The proposed A-share issuance, which is still subject to further review and approval by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission, could provide Air China with additional refinancing capacity and funding flexibility, although there remains uncertainty around the timing and final outcome, prompting the company to caution shareholders and potential investors about trading its securities.
The most recent analyst rating on (HK:0753) stock is a Buy with a HK$8.20 price target. To see the full list of analyst forecasts on Air China stock, see the HK:0753 Stock Forecast page.
More about Air China
Air China Limited is a major Chinese airline incorporated as a joint stock limited company in the People’s Republic of China and listed in both Shanghai and Hong Kong. The company operates in the aviation and air transport industry, offering passenger and cargo air services and serving as one of China’s flagship carriers in both domestic and international markets.
Average Trading Volume: 24,691,018
Technical Sentiment Signal: Buy
Current Market Cap: HK$165.5B
See more insights into 0753 stock on TipRanks’ Stock Analysis page.