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China East Air (00670.HK) appointed Qi Dongming as the legal representative.
Gelonghui November 25th, China East Airline (00670.HK) announced that (i) due to work adjustments, Ms. Li Yunchao will no longer serve as the legal proceedings representative, effective from November 25, 2024; and (ii) Mr. Qi Dongming will be appointed as the legal proceedings representative, effective from November 25, 2024.
China Eastern Airlines Corporation (600115.SH): Planning to conduct 5 billion yuan perpetual bond financing with the controlling shareholder.
On November 25, GE Longhui reported that China Eastern Airlines Corporation (600115.SH) announced that, in order to improve the company's capital structure, reduce the asset-liability ratio, enhance risk resistance capabilities and financial stability, based on the company's operational situation and development needs, the company is conducting a RMB 5 billion perpetual debt financing with its controlling shareholder, China Eastern Airlines Group. The fund will be used for the company to replace maturing debts, supplement working capital, and for other purposes permitted by applicable laws and regulations.
Hong Kong stocks fluctuation | Aviation/airlines industry surged in the morning. The scope of visa-free countries is expanding again, favorable for the recovery of inbound passenger flow and the increase in flight volume.
Aviation stocks surged in early trading. As of the time of publication, Air China Limited (00753) rose by 5.32% to HKD 5.15; China Eastern Airlines (00670) rose by 3.77% to HKD 2.48; China Southern Airlines (01055) rose by 2.44% to HKD 3.77; Cathay Pacific Air (00293) rose by 1.41% to HKD 9.37.
Hong Kong stock concept tracking | The search volume for Spring Festival tickets in 2025 skyrocketed by 2.2 times, institutions are bullish on the valuation repair of civil aviation (with related concept stocks attached).
The search volume for Spring Festival flights in 2025 surged 2.2 times. On New Year's Eve, many routes offer full-price economy class tickets.
Hong Kong stock afternoon review | Hang Seng Index fell by 1.31% and the aviation sector continues to rise.
The search volume for New Year's Eve flights has surged by 2.5 times, and the extended holiday period will significantly drive the growth of travel demand.
Hong Kong stocks movement | china eastern airlines corporation (00670) rose nearly 4% and plans to buy back no less than 0.5 billion yuan ah stocks.
China Eastern Airlines Corporation (00670) rose nearly 4%, as of press time, up 3.83%, to HKD 2.44, with a turnover of 13.3958 million Hong Kong dollars.
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