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CHINA EAST AIR Plans to Spend Max. RMB1B to Buy back Shrs
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CHINA EAST AIR (00670.HK) (600115.SH) intended to use its own funds to repurchase RMB500 million to RMB1 billion worth of RMB-denominated ordinary A shares and overseas listed foreign shares (H shares) through centralized price bidding, with a maximum repurchase price of RMB4.39 for A shares and $3.04 for H shares, according to CHINA EAST AIR's announcement. It is estimated that the quantity of shares to be repurchased will be 56.9476 million-114 million A shares and 90.5797 million-181 million H shares, representing 0.66-1.32% of the total share capital of the Company. AAStocks Financial News |
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