Article: BUSINESS IN ASIA TODAY - JULY 13, 2009.

Business in Asia on July 13, 2009. 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 ANNOUNCES MERGER PLAN WITH SHANGHAI AIRLINES

SHANGHAI - China Eastern Airlines (SSE:600115, HKSE:0670) yesterday announced it will merge with Shanghai Airlines (SSE:600591) through a share swap. Shanghai Airlines would exchange one of its A shares for 1.3 China Eastern shares after the former's shareholders are given a 25 per cent risk premium, Shanghai Airlines said in a statement filed to the Shanghai Stock Exchange. Shanghai Airlines chairman ...

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