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Article: BUSINESS IN ASIA TODAY - JULY 13, 2009.
- Article from:
- AsiaPulse News
- Article date:
- July 13, 2009
CopyrightCOPYRIGHT 2009 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)
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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 ...