China Southern Airlines directed additional 313 million shares approved by SFC

NetEase Financial September 8 News Southern Air Wednesday announced the announcement that the company is directed to issue more than 313 million shares overseas listed foreign shares by the China Securities Regulatory Commission approved approval.　　According to the announcement, the company received the relevant official approval documents from the SFC on September 8, and approved the company to direct the issuance of more than 312.5 million shares of H-shares to South Dragon Holdings Limited, with a value of 1 yuan per share, all common shares. August 22, the CSRC issued a review of the company's private issue of A shares.　　According to the results of the audit, the company's non-public issue of A shares of the application for unconditional approval. According to previous announcement, Southern Airlines intends to issue A+h shares in private.　　Among them, a shares not more than 1.767 billion shares, H shares not more than 313 million shares, raise funds not more than 10.75 billion yuan. A+h shares issued prices of a shares of not less than 5.66 yuan, H shares not less than HK $2.73.　　The funds raised will be used to operate the company to reduce the level of corporate indebtedness and improve the overall efficiency. China Southern Airlines Group will subscribe to not more than 133 million new shares, the lock-up period of 3 years, after the completion of the subscription, the Southern Group held a total of 4.154 billion shares, Southern Airlines Group, South Dragon Holdings Limited will subscribe to not more than 313 million shares, the completion of the subscription, the South Dragon will hold 1.039 billion shares.