皇冠体育app

Air 皇冠体育app Ltd, the nation's biggest carrier by market value, scrapped plans for a private share sale, citing uncertainty about the proposal.

The airline abandoned the offering because an "element of uncertainty" meant the timing wasn't ripe, it said in a statement to the Shanghai Stock Exchange on Monday. The company's shares resumed trading in the city on Tuesday, after being halted since Oct 9.

Air 皇冠体育app announced the plan on Oct 9 without giving a size for the offering, even as it had yet to complete a 1.05 billion-yuan ($168 million) share sale to its State-controlled parent that was approved by its board in April. 皇冠体育app Southern Airlines Co and 皇冠体育app Eastern Airlines Corp also agreed to sell shares to their State-controlled parents this year.

皇冠体育app Daily - Agencies

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