Country boat become the intersection of Cathay and the intersection of aviation and 2 shareholders

Country boat become the intersection of Cathay and the intersection of aviation and 2 shareholders
CITIC Pacific sells off at a low price The country navigates, takes over in Tai Koo
Country boat leap to the intersection of Cathay and the intersection of aviation and 2 shareholders
Will resume trade from now on
According to the tripartite announcement, country's boat A-share, H-share have resumed trade since 30 past 9 this morning.
It is reported (reporter Wang Fei) According to the agreement which the three sides signed of the boat, CITIC Pacific, romote antiquity of the country yesterday, CITIC Pacific reduce about 14.5% the intersection of Cathay and the intersection of aviation and stock right, it is 570 million altogether, boat, country of China, buy 492 million shares among them, thus leap to his second big shareholder.
Costs 6,335 million Hong Kong dollar
The intersection of Cathay and aviation the intersection of Hong Kong and the intersection of native country and strongest airline, boat, country of China, hold their 17.5% of the stock rights by way of changing shares as early as a few years ago. Hold 40% and 17.5% respectively in romote antiquity and CITIC Pacific.
According to newest agreement, country boat buy 492 million the intersection of Cathay and the intersection of aviation and stock right that CITIC Pacific sell off, price every the intersection of strand and 12.88, amount of money involved 6,335 million, after transaction finish, country boat hold the intersection of Cathay and the intersection of stock right and proportion of aviation, increase to 29.99%, this the intersection of country and with can hold the intersection of Cathay and the intersection of aviation and the intersection of stock right and supreme upper limit of proportion in the agreement that romote antiquity sign boat.
And Tai Koo will purchase the stock right of aviation of 79 million gangs of Cathay that CITIC Pacific's plan will be sold off, the amount of money involved is 1,013 million Hong Kong dollar, the proportion of stock right will be increased to 41.97%.
The proportion of stock right of aviation of Cathay that CITIC Pacific holds will be dropped from 17.5% to 2.98%.
Suspend, the intersection of Cathay and stock price of aviation 11.62, this mean country boat hold again the intersection of Cathay and premium of aviation, reach 10.84% this time.
" copy the bottom " It is quite worthwhile
"It is 24 Hong Kong dollar that Cathay's aviation has the highest stock price, and stock price before the financial crisis in the world breaks out from 2004 to 2008 is all in more than 14 Hong Kong dollars, "The analyst points out, " the purchasing price of 12.88 Hong Kong dollars is analogous to ' material benefit '. Trade illegally in foreign currency huge loss that cause, estimate CITIC Pacific will sell off the intersection of Cathay and stock right of aviation cheap at this time. "
Consult for June 30 of 2009 CITIC Pacific will invest in the book value involved in Cathay's aviation to calculate, CITIC Pacific only obtained the profit of less than 900 million Hong Kong dollars from this transaction.
CITIC build throw the intersection of analyst and Lei Li, say though fuel price global blow very much loud to aviation industry, but Cathay's aviation is still a better company, the middle or long line payback is still more ideal. The analyst thinks, succeed in being promoted to two shareholders of Cathay's aviation with the cost of more than 6 billion Hong Kong dollars this time, let the intersection of country and boat vie for entering the Hong Kong market smoothly.
Country the intersection of boat and limit sell burst lift a ban today
Today, 6,207 million the intersection of boat and limit, country of China, sell burst, lift a ban, account for 50.66% of total capital its, boat, country of China, enter to all circulate in era. Because limit that lift a ban this time sell share, under the jurisdiction of the intersection of boat and group and wholly-owned subsidiary's China aviation under these group company under parent company their ' Group) Limited company, but the civil aviation authority stipulates the proportion with burst of China of three major boat can not be lower than 51%, in the industry predicts that it is limited to sell off the pressure.
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