日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

(Agencies)
Updated: 2007-11-19 13:40

China Eastern Airlines said on Monday it had agreed to sell its investment arm to its state parent for 462 million yuan to focus on its core business.

Related readings: Singapore Airlines, Temasek buy 24% stake in China Eastern Cathay Pacific backs off bid for shares in China Eastern Deal inked on sale of China Eastern stake China Eastern Airlines selling 24% stake

China Eastern Airlines, in which Singapore Airlines Ltd and Temasek Holdings are buying a 24 percent stake for HK$7.16 billion , will sell its 98.79 percent stake in the investment unit, it said in a statement.

The sale should boost China Eastern Airlines' cash flow and reduce debts because the unit's main investment projects are not expected to pay dividend over the next three to five years, the statement said. The unit invests in projects such as airports.

Shanghai-based China Eastern said it plans to use proceeds from the sale to buy aircraft.

The investment unit, set up in 2002 with a registered capital of 412.5 million yuan, had total net assets of 467.6 million yuan at the end of May, the statement said.