|
Airline industry: Shanghai Air Plans IPO
STAFF WRITER, WITH AGENCIES
Saturday, Jul 06, 2002, Page 12
Shanghai Airlines Co, controlled by Chinese President Jiang Zemin's (¦¿¿A¥Á) elder son, plans to raise 1 billion yuan (US$121 million) to pay for new planes by selling shares to domestic investors for the first time.The sale of as many as 200 million yuan-denominated shares may take place in September, he said. Shanghai Airlines will use the proceeds to expand its fleet and compete with China Eastern Airlines Corp, the nation's No. 3 carrier, in their home city of Shanghai.
This story has been viewed 1897 times.
|
Advertising
|
Print
Mail
wiki links