News: China Aviation oil will become the strategic investor of Air China

Securities Times Network November 1 learned that China Aviation group and China Aviation Oil group signed a comprehensive cooperation agreement.　　Kong Dong, general manager of Avic Group, said in an interview that China Aviation oil will become the strategic investor of Air China. In March of this year, Air China (601111), which was controlled by AVIC Group, launched a A-share bill, which is intended to issue no more than 585 million shares to no more than 10 specific investors, including AVIC, to raise no more than 5.6 billion yuan, of which the net amount is AVIC Group intends to subscribe to no more than 157 million shares in cash for no less than 1.5 billion yuan.　　On the October 11 of this year, the SFC issued an application for non-public offering of shares by Air China. Kong Dong revealed that China Aviation oil will also become one of the strategic investors of Air China. But he did not disclose the specific proportion of investment.