Tuesday, October 23, 2012

Air China shares up 2pc after share placement cancelled





Shares in Air China Ltd opened up 2.2 per cent on Tuesday, after the company announced it had cancelled a plan for a private share placement, citing adverse market conditions. Trading in the company’s shares had been suspended since October 9 pending the announcement of the share sale. The stock opened at 5.08 yuan, versus its last close of 4.97 yuan.









via Business feed http://www.scmp.com/business/money/market-snapshot/article/1067864/air-china-shares-2pc-after-share-placement-cancelled

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