Air China intends to raise CNY8 billion ($996.3 million) through the sale of 2.7 billion shares on the Shanghai stock exchange later this year, an airline official told reporters yesterday. The offering constitutes 28.62% of its existing share capital, the Associated Press reported. The carrier, which already has shares traded in Hong Kong, is awaiting approval from the China Securities Regulatory Commission. China International Capital Corp., CITIC Securities and Galaxy Securities ...

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