|
|
Article: BUSINESS IN ASIA TODAY - DEC 12, 2008.
- Article from:
- AsiaPulse News
- Article date:
- December 12, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business in Asia on December 12, 2008. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
CHINA EASTERN, CHINA SOUTHERN TO RECEIVE STATE CASH INJECTIONS
BEIJING - Two leading Chinese carriers, China Eastern Airlines (SEHK:0670) and China Southern Airlines, announced they will each get a 3 billion yuan (US$441.2 million) state bail-out. CEA said in a statement filed with the Shanghai Stock Exchange that it will issue 652.18 million A shares to the government and its major shareholders at 3.6 yuan per share, and the same amount of H shares on the ...