Summary by Moomoo AI
China Eastern Airlines announced on August 30, 2024 that it plans to repurchase shares through a centralized bidding trading method in order to reduce registered capital. The repurchase plan has been approved by the board of directors and will be submitted for shareholder approval. The repurchase period is within 12 months after the shareholder meeting, and the expected repurchase amount is between 0.5 billion to 1 billion RMB. The number of repurchased shares is between 56.9476 million to 113.8952 million shares for A-shares, 90.5797 million to 181.1594 million shares for H-shares, accounting for 0.66% to 1.32% of the total share capital. The upper limit of the repurchase price is 4.39 RMB per share for A-shares, and 3.04 HKD per share for H-shares. The repurchase funds will come from the...Show More