China's H-share issuance application approved by SFC

NetEase Finance October 27 News of Air China announced that the company received approval from the CSRC, approved the company to China Aviation Group directed additional shares not exceeding 157 million shares, each share value of 1 yuan.　　According to the Air China this year March 11 disclosed the Non-public release plan, the company plans to 9.58 Yuan/shares non-public offering not more than 585 million shares, raise up to 5.6 billion yuan. The non-public offering of a shares includes no more than 10 specific investors, including the AVIC Group Company of its parent company.　　The AVIC Group has intended to subscribe to the corresponding shares at a price of not less than 1.5 billion yuan, and the total number of shares subscribed shall not exceed 157 million shares.　　In addition, Air China also plans to issue 175 million H shares at a price of HK $6.62/share, offering HK $1.04 billion, which is limited by China Airlines, a wholly-owned overseas subsidiary. Air China said at the time that the AH shares to raise funds will be used to supplement the company's liquidity.