Possible increase in China Na
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 753)
Possible increase in China National Aviation Holding Company's
shareholding in Air China Limited
(Overseas Regulatory Announcement)
This announcement is made pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Air China Limited (the 'Company') has been notified by China National Aviation Holding Company ('CNAHC') that the China Securities Regulatory Commission has granted a waiver from the need for CNAHC to make mandatory general offer which would otherwise be triggered by an acquisition by CNAHC of additional shares in the Company. The waiver would allow CNAHC to purchase up to 350 million shares in the Company on the stock market without triggering a mandatory general offer. CNAHC currently holds, directly and indirectly, 6,329,549,487 shares in the Company accounting for 51.66% of the issued shares of the Company. If it acquires an additional 350 million shares in the Company, it will hold 6,679,549,487 shares in total accounting for 54.52% of the issued shares of the Company.
By order of the Board
Air China Limited
Huang Bin Li Man Kit
Joint Company Secretaries
Beijing, the PRC, 11 September 2008
As at the date of this announcement, the directors of the Company are Messrs Kong Dong, Wang Shixiang, Ma Xulun, Christopher Dale Pratt, Chen Nan Lok, Philip, Cai Jianjiang, Fan Cheng, Hu Hung Lick, Henry*, Wu Zhipan*, Zhang Ke* and Jia Kang*.
* Independent non-executive director of the Company
This information is provided by RNS
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