Air China controlling shareholder to boost stake over 12 Months
Air China Ltd. shareholder China National Aviation Holding Co. plans to buy as much as 2 percent of the airline’s total yuan-denominated shares within a year, Air China said in a statement to the Hong Kong Stock Exchange today.
China National Aviation bought 13.8 million A shares in Air China in the open market yesterday, comprising a 0.11 percent stake, the airline said. The controlling shareholder does not plan to sell any shares in the company during the next 12 months, it said.
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