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International Law

: China Briefing Blog

Shanghai Airlines to Raise RMB1 billion

By China Briefing

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SHANGHAI, Feb. 27 - Shanghai Airlines will raise a RMB1 billion capital injection through the private issuance of 222 million shares to Jinjiang International Holdings at RMB4.5 per share. The struggling airline has been in dire straits recently; a result of a weakening travel market, the airline announced last month that it expected their net loss [...]

Full post as published by China Briefing Blog on February 27, 2009 (boomark / email).

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