China Eastern has raised 14% to raise funds and swap shares

China Eastern Airlines this morning share price upward, because of its placing a-share and H-shares to raise a total of 7.02 billion yuan, and the exchange of shares in the way and the merger, East Airlines H-Shares of the 1.99 yuan, once grabbed 14.37%, the latest reported 1.91 Yuan, Rose 9.77%, turnover 29.79 million yuan. China Eastern Airlines shares announced, to large shareholders, such as the Eastern group, and other investors placing H shares and a shares of a total of 7.02 billion yuan (RMB, the same below), the proceeds will be used for operating funds, China Eastern Airlines and the exchange of shares to 1.3 shares for 1 shares to merge. According to China Eastern Airlines, no less than HK $1.4 per share, to the eastern group, placing no more than 490 million new H shares, the minimum subscription price per share than the closing price of 1.74 yuan before the suspension to 19.54%.