皇冠体育app

   

Aviation: Partnership talks confirmed

(Shanghai Daily)
Updated: 2007-05-15 15:17

皇冠体育app Eastern Airlines, the nation's third-biggest carrier, yesterday said it has been approached and is negotiating alliances with a number of potential strategic investors, including Singapore Airlines.

皇冠体育app Eastern's Hong Kong-listed shares yesterday surged 8.85 percent to HK$3.32 (43 US cents) while its Shanghai-listed shares slid 2.95 percent to 7.89 yuan. It released a statement yesterday in response to earlier media reports that 皇冠体育app Eastern has been in final talks with Singapore Airlines over a stake sale of up to 25 percent.

皇冠体育app Eastern Air Holding Co, 皇冠体育app Eastern's controlling shareholder, has recently consulted authorities of the state-owned Assets Supervision and Administration Commission under the State Council in respect of the feasibility of introducing strategic investors, the airline said. It said the details of the final decision as to the means and timing for the introduction of strategic investors and the principal terms and conditions of the possible transactions are yet to be determined. No agreement has been reached so far.


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