China Eastern Airlines adjusts ADR to H-share ratio
Source: Internet
Author: User
KeywordsEastern Airlines
Eastern Airlines (600115) 29th announced that the plan to adjust the state depository Receipts (ADR) and H shares, from 1:100 per share split into 1:50. At the same time, the company will take the shares and its holding subsidiaries of Shanghai Aviation Food Co., Ltd. 70% stake in Shanghai Aviation Import and Export Co., Ltd. 100% and Shanghai Aviation Communications Co., Ltd., 100%, in cash to transfer to Orient Aviation Food Investment Co., Ltd., Orient Air Import and Export Co., Ltd. and Oriental Air Media Co., Ltd., the actual transfer price based on the value of the assets identified by the parties, and the assessment of the base date to the completion date of the settlement of the property rights and benefits in accordance with the corresponding equity transfer agreement to adjust after the change.
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