Cslusarc From Canada, joined May 2005, 851 posts, RR: 0
Reply 1, posted (7 years 9 months 4 days ago) and read 2389 times:
deal valued at US$ 923 or HK$ 7.2 billion. note the lack of use of Mainland Chinese currency in the deal.
"China Eastern will sell a total of 2.98 billion new Class H shares for HK$11.3 billion in a private placement, according to the report. Class H shares are listed on the Hong Kong Stock Exchange by mainland Chinese companies.
Singapore Airlines will pay HK$4.7 billion for 1.24 billion of those shares, while Temasek will shell out HK$2.5 billion for 649 million of them, the report said. The remaining 1.1 billion shares will be purchased by China Eastern's parent, China Eastern Air Holding, for HK$4.2 billion."
"After the deal, Singapore Air will hold 15.8%, Temasek 8.3%, and China Eastern's parent 51% of China Eastern, the WSJ said."