Air China "said dongxinlian"

<P> Keywords: Brand New Love Air China Eastern Airlines China Eastern Airlines </ P> <P> World Brand Lab (brand.) reported: "'East, a new scheme' shares under the share price of 3.80 Hong Kong dollar does not reflect the Eastern Airlines .proper value. "January 1, 2008 night, China Aviation Corporation (Group) Limited (CNAC Limited) issued" on the Singapore Airlines and Temasek, a subsidiary of China Eastern Airlines subscription of new shares and related matters for clarification .Description "(hereinafter referred to as clarification), the first stake in China Eastern Airlines plan to open position. .Limited by AVIC clarifications issued by public relations firms, while China Eastern Airlines, Singapore Airlines introduced the program raised other objections related to the agreement which gives the Singapore Airlines and Temasek's "anti-dilution clause" and the investors in a Subscription Agreement "competition .industry prohibition. " .</ P> <P> Aviation Limited in June 1995 incorporated in Hong Kong, China National Aviation Holding Company, a wholly owned subsidiary, which is Air China (hereinafter referred to Air) parent company. .CNAC also limited shareholding in Air China. .</ P> <P> 2007 年 11 9, China Eastern Airlines (the CEA) and Singapore Airlines (the SIA), investor Temasek signed a subscription agreement, China Eastern Airlines 3.80 per share of HK .prices to Singapore Airlines and Temasek additional 1.884 billion H shares, China Eastern Airlines to the capital increase of the total shareholding of 24%; also the controlling shareholder of China Eastern Group, to the issuance of 1.1 billion H shares, to ensure its continued position of absolute control of Eastern Airlines .. .To this end, Singapore Airlines and Temasek invested a total of 7.161 billion Hong Kong dollars, China Eastern Group will invest 4.182 billion Hong Kong dollars. .This is the "East a new program." .</ P> <P> subscription agreement also provides that Eastern Airlines Singapore Airlines the right to subscribe for additional shares to maintain its shareholding percentage in the Eastern Airlines. .Meanwhile, Eastern Airlines commitment to the SIA, Singapore Airlines will not issue any competitor or make any investment securities. .</ P> <P> the two sides since September 2007 strategic investment intentions since the announcement, shares of China Eastern Airlines H shares has been 7 to 8 HK dollar hovering, January 2, 2008 to close at 8.05 Hong Kong dollars. .</ P> <P> In clarification, the China Aviation Co., financial advisers according to the company's analysis of China International Capital Corporation, that "'East, a new scheme' shares under the share price of 3.80 Hong Kong dollar should not reflect Eastern Airlines .value. " .</ P> <P> Aviation Limited also believes that the anti-dilution and non-compete clause "the existence of other shareholders, domestic and foreign investors and domestic industry is not a fair deal with the problem, it may affect the industry, potential obstacles to future development ."I hope" Eastern Airlines and Singapore Airlines and Temasek to re-discuss the relevant issues and amend the relevant provisions ", and claimed that" more in line with reservations made at any time the interests of all shareholders the right to further proposals. " .</ P> <P> information under the Hong Kong Stock Exchange, since May 2007, Air China Limited has several holdings in the Eastern H shares, most recently in November 29, 2007, limited to a share in the Air .7.585 holdings of 427.8 million Hong Kong dollar price of China Eastern Airlines H shares, the share increased to 12.07% H shares, ranking first in China Eastern shareholders of circulation. .</ P> <P> 2008 年 1 8, CEA will hold a class of shareholders, a formal vote on the matter. .Eastern Group is involved in the transaction itself, will refrain from voting. .Shareholders will therefore be limited to Class A shares and H shares of small shareholders to vote, only two-thirds vote of minority shareholders, the private placement to complete. .CNAC Limited to reject the deal, China Eastern minority shareholders need to get more support. .</ P> <P> as one of China's three major airlines, Singapore Airlines, Air China has always hoped to replace, and expand cooperation with China Eastern's shares. .September 2, 2007 China Eastern Airlines announced shortly after the private placement agreement, Cathay Pacific, Air China has launched joint operations with the intention of blocking stake in Singapore Airlines and Temasek, China Eastern, but in the last minute objections by the State-stop. .After Air China has said that within three months, that is, 25 December 2007, it will not continue to promote mergers and acquisitions. .Now, three months has expired, as the polling date draws near, the attitude of Air China is cause for concern. .</ P> </ p>.