China Eastern Air in final talks on stake sale- paper
(Reuters)
Updated: 2007-05-10 08:56
Updated: 2007-05-10 08:56
China Eastern Airlines is in final talks with Singapore Airlines to sell a strategic stake in the leading mainland carrier, a report said on Thursday.
The two airlines had already started to negotiate the price of the stake sale, China Securities Journal reported, quoting sources close to the mainland carrier, without elaborating.
China Eastern Airlines' Shanghai-listed A-shares hit their 10 percent daily limit on Wednesday to close at 7.48 yuan.
Its Hong Kong-listed shares rose 3.7 percent, outpacing a 0.7 percent rise in the city's benchmark Hang Seng Index .
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