Air China announced plans to raise more than $953 million through a share issue. It will issue up to 585 million new A shares to "10 specific investors" at CNY9.58 ($1.40) per share and 157 million new H shares to a subsidiary of parent company China National Aviation Holding priced at HK$6.62 per share ($0.85). The state-owned parent will subscribe directly to 157 million of the A shares for CNY1.5 billion. CA said the net proceeds from the A share issue will be CNY5.6 billion and will go ...

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