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According to the plan, China Eastern will place 1.35 billion A-shares with 10 issue targets, including the parent company of China Eastern. At the same time it will also place 490 million H-shares.
The A-share and H-share placements by China Eastern will bring in some 7 billion yuan.
It is another big capital-building move by China Eastern, after the company's shareholders meeting approved a share placement to its big shareholders in June, providing a capital injection of 7 billion yuan from the government. Enditem
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