Air China to issue "big guy" to dinner

Air China (601111)　　SH) is once again the place where the big guy is gathering. November 25, Air China issued the "directional issuance of additional reports," including Xinhua Life, Youngor (600177.　　SH), Guohua Life Insurance Co., Ltd. (hereinafter referred to as the National Chinese longevity), including 6 strategic investors to subscribe, and Air China's controlling shareholder Avic Group, also spent 1.5 billion yuan to participate in the additional issue.　　Through their actual control of the Youngor and the country's Chinese longevity, two in the directional issue of market-oriented characters Li Rucheng and Liu, again to achieve the gathering. November 25, Air China rose 4.21%, the closing price of 13.13 yuan compared to 11.58 yuan of additional prices, there are about 13.4% of the floating surplus.　　And the Youngor and Guohua life of their respective 579 million yuan and 556 million yuan investment, has been floating surplus to 77.6 million yuan and 74.5 million yuan respectively. And just 24 days ago, Southern Airlines (600029.　　SH) just completed directional additional, 10 billion yuan to raise funds injected, but also to the southern airlines have reached 82.63% of the balance of debt rate temporarily eased. By contrast, Eastern Airlines, with a higher asset-liability ratio, 600115. SH), remained still. "China Eastern's problem now is to streamline relationships internally to reduce costs, not expand. Now the market's expectation for China Eastern Airlines is the introduction of strategic investors.　　"An industry researcher at a brokerage in Shanghai said to reporters.　　Air China issued a big brother to the party to pay more attention to the market, two of the most noticed, invariably appeared in the issue list of the Chinese airline.　　Among them, Li Rucheng participation in the issue of Air China, is listed companies in the name of Youngor, 50 million shares, and Liu is through its actual control of the country, the Chinese longevity, 48 million shares of Air China.　　Through this issue, Air China will also receive a capital of 5.6 billion yuan, will be used to supplement the liquidity of listed companies, for the assets and liabilities rate of 77.11% of the air, its capital chain pressure will be significantly eased.　　Participation in this issue, but also includes the Chinese insurance, Xinhua life Insurance Company Two, as well as China Aviation Oil Group Corporation and state Power Capital Holdings Limited.　　Before this, Air China also completed the H-share issue, to AVIC Limited 157 million shares, 6.62 Hong Kong dollars per share, raised a capital of HK $1.04 billion. This is the seventh targeted issue that Youngor has participated in this year, before the Youngor has been involved in the Ningbo Bank, Suning appliances, zoomlion, Oriental Electric, power transmission and the transfer of shares of directional additional, to the closing price of November 25, the current youngor of the above investment without a miss, floating surplus to the lowest transfer of shares,　　Also has 8.25 million yuan of floating surplus. "We are now gradually reducing the level two market investment, more participation in the first half of the market and PE investment."　　"Youngor Liu Nio told reporters. And Liu this time transiting country Chinese longevity. Guohua life for Liu Actual control, and I also out of Ning life insurance dongThings long.　　Notable is, Liu the participation in Air China, its offer is much higher than other bidders.　　According to Air China's announcement, Guohua life to participate in the additional price of 13.18 yuan per share, while the remaining participants, the highest price of Xinhua life, but also 12.98 yuan, most of the competitors offer less than 12 yuan per share.　　Earlier, there have been frequent participation in the directional issue of the agency executives complained to reporters, it is Liu each time the price of the shot, pulling up the final cost of matching. Airline stocks to circle the money before this, Southern Airlines has just completed a directional additional, including China Southern Airlines Group and Societe Generale Global Fund, Bosera Fund, Ping An Asset Management Co., Ltd., Taiping Asset Management Co., Ltd., including 8 institutions,　　A total of 1.5015 billion shares have been allocated, and the billions of dollars that Southern airlines have raised will be used to repay bank loans.　　The company's asset-liability ratio will be reduced from 85.73% to 74.12%, according to a previous announcement by Southern Airlines.　　After nearly a year of refinancing at the end of the season, the two companies will be able to travel light next year, after the asset-liability ratio has been lowered.　　By contrast, Eastern Airlines has fallen behind half the time in the false-launch.　　In the third quarterly, the eastern airline's asset-liability ratio of 84.3%, the highest in three airlines, while the southern air assets and liabilities ratio of 82.63%, Air China is 77.11%. "Eastern Airlines has experienced the most difficult period, but now, although the debt ratio is relatively high, but has embarked on a virtuous circle of the road."　　"The broker said to reporters, and in its view, the introduction of strategic investors, perhaps the eastern airlines in the" east of the "after the market the most concerned about the trend.　　According to the Yangtze Securities, after the merger of Shenzhen Airlines, the number of Air China's own aircraft will reach 378 by the end of this year, while Southern Airlines has reached 422, in contrast, the Eastern Airlines only 268. November 25, Southern Airlines closed at 9.47 Yuan, up 3.05%, Eastern Airlines closed to 7.32 yuan, up 2.09%.